Five years of GST: Collections up, but filings decline, shows data

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.

Compiled by Ishaan Gera and Raghu Mohan