The Goods and Services Tax (GST) collection in February stood at Rs 1,33,026 crore. This information has been given in the figures released by the government. This time it has increased by 18% as compared to the same month a year ago.
However, taking the average of daily collections, there has been more collection than January, because February has been off 28 days while January was of 31 days. The average daily collection in January was Rs 4,464.32 crore, which increased to Rs 4,750.92 crore in February.
26% increase over February 2020
This time there has been an increase of 26% as compared to February 2020. With this, the GST cess collection has also crossed Rs 10,000 crore for the first time. This is the fifth time in a row since July 2017 that the collection has crossed Rs 1.30 lakh crore. Earlier in January, it was Rs 138,394 crore, that is, it has decreased by more than Rs 5 thousand crores.
1.29 lakh crore collection in December
According to the data, the total collection in December 2021 was Rs 1,29,780 crore, while in November it was Rs 1.31 lakh crore. There has been an increase of Rs 20 thousand crores this time as compared to Rs 1,13,143 crore in February 2021. As per the data, the GST revenue from imported goods has been 38% higher than that of domestic transactions.
26,347 crore settlement under CGST
The government has settled Rs 26,347 crore under CGST and Rs 21,909 crore under SGST. CGST stands for Central Government and SGST stands for State Government Revenue. After regular settlement of Central and State Government, CGST stood at Rs 50,782 crore and SGST Rs 52,688 crore.
Revenue increased despite restrictions imposed in Corona
This increase in revenue has come at a time when restrictions were imposed in some states in January due to Corona. It is also indicating that the third wave of Covid has not shown much effect and the fourth quarter is also going to be fine.
Impact on GDP growth
However, there was an impact on the economic data that came on Monday. GDP growth stood at 5.4% in the third quarter, which was 3% lower than the second quarter. However, there is a possibility of an impact on GDP in the fourth quarter as well.
Controversy over bulldozers in US: Inclusion of bulldozers in Indian parade provoked social groups, saying - this is a symbol of hate crime
In the US, the Indian Business Association took out a parade in New Jersey on India's Independence Day. This included a bulldozer. Social groups in the US considered it a symbol of hate crime and
Abhishek Bachchan: Big B was overjoyed to see the success of his son Abhishek, shared the post and wrote- 'The word pride fell short'
Abhishek Bachchan is in the news these days for his film 'Be Happy'. The film has been released on Prime Video and is getting a lot of praise. Amitabh Bachchan is sharing one post after another on
Metro pillar collapse: Many officials suspended in connection with the collapse of the under-construction Metro pillar in Bengaluru
The Bengaluru Metro Rail Corporation Limited (BMRCL) on Wednesday suspended the Deputy Chief Engineer, Executive Engineer, and Site Engineer in connection with the death of two people when an
Lashkar-e-Islam is sending threatening letters to Kashmiri Hindus, leave Kashmir or else you will be killed
Efforts are being made once again to take Kashmir back to the 1990s. Amidst the deteriorating situation in Kashmir, some anti-national elements have once again started targeting Kashmiri Hindus and
Corona threat in the world: Chinese people forget the danger of infection on New Year, crowds gathered everywhere to celebrate
Today the whole world is celebrating the new year. On this occasion, even in Corona-afflicted China, people celebrated the New Year fiercely. Crowds of millions gathered at midnight in Beijing and
IPL 2025: Shreyas praised the bowlers for Punjab's victory, and Rajat held them responsible for RCB's defeat
Crediting the bowlers for the five-wicket win in the rain-affected 14-over match against Royal Challengers Bangalore, Punjab Kings captain Shreyas Iyer said that his bowlers adapted to the conditions
World Cup 2023: Amitabh Bachchan tweeted after India's defeat, said - the team that creates fear in everyone
After the defeat of Team India in the Cricket World Cup 2023, every Indian's heart broke into a hundred pieces. Looking at India's World Cup record, everyone thought that the World Cup would come
Madagascar built a bridge to praise PM Modi, President said - India stood by our country in times of need
Madagascar President Andry Rajoelina extended warm greetings to Prime Minister Narendra Modi on India's 76th Independence Day. He thanked India for standing by his country in its time of need.
Wife missing from the middle, spent one crore to find: Couple went to Visakhapatnam on their wedding anniversary; The woman went with the lover from there
A strange story has emerged from Visakhapatnam, Andhra Pradesh. A couple went to RK Beach in Visakhapatnam on Monday to celebrate their second wedding anniversary. During this, the wife disappeared.
CAA Notification: How will they get citizenship under CAA, what will non-Muslim refugees have to do? Know special things
Citizenship Amendment Act: Four years after being passed by the Parliament, the law to grant citizenship to non-Muslims (CAA) has been implemented in the country. As soon as this law is implemented,
