*Five years of GST: Collections up, but filings decline, shows data | Business Standard News

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-collections-up-but-filings-decline-shows-data-122070100019_1.html

A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22

GST

An average of 7.9 million returns were filed monthly in FY22, compared with 9.3 million in FY20.

In financial year 2021-22 (FY22), Goods and Services Tax (GST) collections increased 26.9 per cent year-on-year (YoY). The average monthly collections touched Rs 1.23 trillion, the highest since 2017.

However, this was accompanied by a decline in the number of GST filers. A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22. An average of 7.9 million returns were filed monthly in FY22, compared with 9.3 million in FY20.

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Compiled by Ishaan Gera and Raghu Mohan

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