gross gst revenue The collection in the month of February is Rs 1,33,026 crore, which is 18 per cent higher than the revenue of Rs 1,13,143 crore collected in the corresponding month of last year and 26 per cent higher than the GST revenue in February 2020.
February’s mop-up was impacted by the Omicron wave that had spread through the country and hence, the gross sales tax collection was lower than the net January record of Rs 1,40,986 crore.
Of the total GST revenue, CGST is Rs 24,435 crore, SGST Rs 30,779 crore, IGST Rs 67,471 crore (including Rs 33,837 crore collected on import of goods) and Cess Rs 10,340 crore (including Rs 638 crore collected on import of goods). ,
Cess collection has crossed Rs 10,000 crore mark for the first time since the implementation of GST. This reflects the recovery of some key sectors, especially automobile sales, the release said.
The total revenue of Center and States in the month of February 2022 after regular settlement is Rs 50,782 crore for CGST and Rs 52,688 crore for SGST.
“This high growth during February 2022 should also be viewed in the context of partial lockdowns, weekend and night curfews and various restrictions imposed by various states due to the Omicron wave, which peaked around January 20,” the release said. Was.”
The ministry said that since February is a 28-day month, it generally receives less revenue than January.