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.
'Government is not responsible for deaths due to Covid-19 vaccine', Center replied in Supreme Court
The government cannot be held responsible for the effects of the Corona vaccination. The Center has said this by filing an affidavit in the Supreme Court.
'Speak to the government brother...' When Amitabh Bachchan was trolled for cyber crime caller tune, now the decision has come
The familiar caller tune with the voice of Bollywood superstar Amitabh Bachchan will not be heard from today. Actually, whenever you call someone, before connecting, a caller tune is heard warning
New York subway station attack accused arrested: Police traced from CCTV; Attacker's sister does not believe that brother can do such an attack
The Brooklyn metro station was attacked in New York, the USA on Tuesday. The accused in this case has been arrested by the New York Police. The name of this 62-year-old accused is Frank R. James. On
International Yoga Day 2024: PM Modi showed a different style, took a selfie after doing yoga; made this appeal to the people
International Yoga Day 2024: PM Modi did yoga with the people of Kashmir at the Sher-e-Kashmir International Conference Center (SKICC) in Srinagar. PM Modi also addressed the public after doing yoga.
Will one country one election be implemented, the number game of Lok Sabha and Rajya Sabha has increased the tension between the Modi government, know who has how many MPs
In the direction of one country, one election, the central government took a big step to implement its main issue. The Union Cabinet headed by Prime Minister Narendra Modi approved the Constitutional
Pakistan Economic Crisis: Stalled bailout package deal could not be done between Pakistan and IMF: Report
The International Monetary Fund (IMF) and Pakistan could not reach an agreement on a bailout package of more than one billion dollars on Thursday. The ongoing meeting between Pakistan Prime Minister
iPhone 15 Pro Max: Leaks of the camera and display of the iPhone 15 Pro Max will disappoint users! Will not get these big upgrades
Since the beginning of the year, talks have started about Apple's upcoming line-up, the iPhone 15 series, which is set to arrive in September this year. Earlier speculation about the top-end variant
1985 Air India blast accused Sikh leader killed: Shot near home in Canada; The car in which the attackers had come was also burnt.
Ripudaman Singh Malik, a Sikh leader accused of the 1985 Air India blasts, was shot dead in Vancouver, Canada late Thursday night. According to eyewitnesses, three gunshots were heard near his house.
Explanation of Nityananda's disciple who gave a speech at UN: Said- We respect India; Said earlier – Hindu opponents are targeting Nityananda
Vijayapriya, a disciple of India's fugitive Nithyananda, had said in the UN meeting held in Geneva on March 1 – Anti-Hindu people are harassing Nithyananda at his birthplace. Now a video of
Nagaland minister gave a 'unique solution' to population growth, said - stay single like me
According to a United Nations report, India may overtake China as the world's most populous country next year. That is, India will become the most populous country in the world. There has been a
