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NEW DELHI: Items and providers tax (GST) collections stayed above Rs 1.30 lakh crore-mark for the fifth straight time in February, official launch by the ministry of finance confirmed on Tuesday.
Gross GST income collected within the month of February is Rs 1,33,026 crore, 18 per cent increased than Rs 1,13,143 crore income collected in the identical month final 12 months and 26 per cent increased than the GST revenues in February 2020.
The February mop-up was impacted by the Omicron wave that swept via the nation and therefore, the product sales tax assortment was decrease than the document Rs 1,40,986 crore netted in January.
Of the entire GST revenues, CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (together with Rs 33,837 crore collected on import of products) and cess is Rs 10,340 crore (together with Rs 638 crore collected on import of products).
Since implementation of GST, for the primary time, cess assortment crossed Rs 10,000 crore-mark. This signifies restoration of sure key sectors, particularly, car gross sales, the discharge mentioned.
The overall income of Centre and the States within the month of February 2022 after common settlement is Rs 50,782 crore for CGST and Rs 52,688 crore for the SGST.
“This excessive development throughout February 2022 must also be seen within the context of partial lockdowns, weekend and evening curfews and varied restrictions that have been put in place by varied States as a result of omicron wave, which peaked round January 20,” the discharge mentioned.
The ministry mentioned February, being a 28-day month, usually witnesses revenues decrease than in January.
Gross GST income collected within the month of February is Rs 1,33,026 crore, 18 per cent increased than Rs 1,13,143 crore income collected in the identical month final 12 months and 26 per cent increased than the GST revenues in February 2020.
The February mop-up was impacted by the Omicron wave that swept via the nation and therefore, the product sales tax assortment was decrease than the document Rs 1,40,986 crore netted in January.
Of the entire GST revenues, CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (together with Rs 33,837 crore collected on import of products) and cess is Rs 10,340 crore (together with Rs 638 crore collected on import of products).
Since implementation of GST, for the primary time, cess assortment crossed Rs 10,000 crore-mark. This signifies restoration of sure key sectors, particularly, car gross sales, the discharge mentioned.
The overall income of Centre and the States within the month of February 2022 after common settlement is Rs 50,782 crore for CGST and Rs 52,688 crore for the SGST.
“This excessive development throughout February 2022 must also be seen within the context of partial lockdowns, weekend and evening curfews and varied restrictions that have been put in place by varied States as a result of omicron wave, which peaked round January 20,” the discharge mentioned.
The ministry mentioned February, being a 28-day month, usually witnesses revenues decrease than in January.
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