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.
Lock Upp: Ajaz Falah, who gave her heart to Prince Narula, said - married men have a different charm
There is a lot of ruckus in the lock-up show. Not only this, but it is also not known in the show
Embarrassing record in the name of Putin, Russia became the world's worst country in this case
The expansionist policy of Russian President Vladimir Putin invading Ukraine is not only benefiti
Serbia's legendary tennis player Novak Djokovic has made his place in the final of the Wimbledon
Bharat Tex 2024: PM Modi inaugurates Bharat Tex 2024, more than 100 countries participate
Prime Minister Narendra Modi inaugurated Bharat TEX-2024 at Bharat Mandapam in Delhi. It is one o
People from all over the country and the world gathered for the Mahasnan of Mahakumbh in Tirthara
The magic of Indian bowlers was at its peak against England in the ICC World Cup 2023. While Jasp
Bihar Board 12th Result Out Bihar School Examination Board (BSEB) is going to release the result
Five years have passed since the clash between the armies of India and China in the Galwan Valley
The results of the elections for 182 seats in Gujarat will be released a few hours from now. The
IndiGo flight from Chennai to Mumbai received a bomb threat message. The flight landed safely in
