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.
Akanksha Dubey Death: Singer Samar Singh was arrested from Ghaziabad in connection with the death of Bhojpuri actress Akanksha Dubey
Singer Samar Singh, the main accused in the death case of Bhojpuri actress Akanksha Dubey, has been arrested by the UP Police. Police took Samar Singh into custody last night from Nandgram police
Another case of HMPV Virus surfaced, and now a second case found in this state; 75-year-old woman infected
The pace of the HMPV virus is increasing rapidly in the country. Now the second case of HMPV has been found in Guwahati, Assam. A 75-year-old woman in Guwahati has been detected with Human
Rozgar Mela: On November 22, PM Modi will give 71,000 appointment letters, confirming jobs will be available in many departments of the Center
On Tuesday, appointment letters for confirmed jobs will be issued to 71,000 youths simultaneously by the central government. Prime Minister Narendra Modi will give appointment letters to the
Asia Cup 2023: Ishan Kishan was seen imitating Kohli in the middle of the field, and the star batsman's reaction went viral; Will not stop laughing after watching the VIDEO
Team India's picture was a super hit in the final match of Asia Cup 2023. In the title match, Rohit's platoon defeated Sri Lanka by 10 wickets. With this victory, the Indian team won the Asia Cup
G20 Meeting: Japan's Deputy Foreign Minister Kenji Yamada will participate in the G20 Foreign Ministers meeting in India
Japan's Vice Foreign Minister Kenji Yamada is scheduled to visit New Delhi, India to attend the G20 Foreign Ministers' Meeting from March 1 to March 3. Japan's Foreign Ministry has given this
Kunal Kamra's troubles will increase, Mumbai Police sent a third summons; calling for an appearance on 5th April
Mumbai Police has issued a third summons to stand-up comedian Kunal Kamra. He has been asked to appear on April 5 in connection with making derogatory remarks about the state's Deputy Chief Minister
Russia's attack: America furious on Russia, Biden said - Russia will have to pay the price for attacking Ukraine; 137 killed in first day's fighting
The Russia-Ukraine dispute turned into a war on Thursday. The Russian army launched missile strikes at 12 places including the Ukrainian capital Kyiv at 8.30 am. 54 Ukrainian soldiers and 10 civilians
Monkeypox case in China: First case of monkeypox surfaced in Chongqing city of China, people became alert
China has reported its first case of monkeypox in the western megacity of Chongqing in a traveler who had come to the city from abroad. This has been confirmed in the media report.
Israel-Hamas War: 'If our soldiers become targets in the conflict...', America issues direct warning to enemies
America has issued a direct warning to its enemies amid the Israel-Hamas conflict. US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin said on Sunday that it is certain that Iran
Brij Bhushan Singh: 25 people testified against Brij Bhushan Singh, with only photo as evidence, no video found
25 people have testified against former Wrestling Federation of India (WFI) president and BJP MP Brij Bhushan Sharan Singh. These include the victim wrestler, international wrestler Bajrang Punia, two
