GST Collection in February 2022
GST revenue collected in February 2022 is ₹1,33,026 crores of which CGST is ₹24,435 crores, SGST is ₹30,779 crores, IGST is ₹67,471 crores (including ₹33,837 crores collected on import of goods) and cess is ₹10,340 crores (including ₹638 crores collected on import of goods).
Total GST collection is up 17.6 percent from February 2021 but 5.6 percent down from January 2022.
The Govt has settled ₹26,347 crores to CGST and ₹21,909 crores to SGST from IGST. The total revenue of Centre and the States in the month of February 2022 after the regular settlement is ₹50,782 crores for CGST and ₹52,688 crores for the SGST,” the Ministry of Finance said.
GST compensation cess collected in February is the highest ever, crossing the Rs 10,000 crores mark for the first time, especially in automobile sales.
Read This:- LIC IPO Date, Price Analysis, GMP & Allotment Details 2022
February is a 28-day month, normally witnessing revenues lower than that in January, and low collection compare to January month due to omicron partial lockdown, weekend and night curfew, and other various restrictions.
Read Full Article
For any query or complaint mail at info@filingreturn.com
Follow on Twitter | Like on Facebook
Follow on Instagram | Join on Telegram or Search @filingreturn