GST Revenue collection for the month of March 2022 is the highest ever at Rs 1.42 lakh crore, it was Rs.1.40 lakh crore in January 2022 and Rs. 1.33 lakh crore in February 2022.The average monthly gross GST collection for the quarter ending March 2022 has also increased to Rs.1.38 lakh crore against the average of Rs.1.10 lakh crore, Rs.1.15 lakh crore and Rs.1.30 lakh crore in the first, second and third quarters respectively.
The gross GST revenue collected in the month of March 2022 is Rs. 1, 42,095 crore which is an all time high, breaching the earlier record of Rs. 1,40,986 crore collected in January 2022. The revenues for the month of March 2022 are 15% higher than the GST revenues in the same month last year and 46% higher than the GST revenues in March 2020. During the month of March 2022, revenues from import of goods were 25% higher and the revenues from domestic transactions (including import of services) were 11% higher than the revenues from these sources during the same month last year. Total number of e-way bills generated in the month of February 2022 is 6.91 crore as compared to e-way bills generated in the month of January 2022 (6.88 crore) despite being a shorter month, which indicates recovery of business activity at faster pace.
The chart below (Figure 1) shows trends in monthly gross GST revenues during the financial year 2020-21 and 2021-22.

Figure 1: Trends in monthly gross GST revenues during the financial year 2020-21 and 2021-22:

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