1,33,026 crore Gross GST Revenue collected for February 2022
GST
Dated:- 1-3-2022
₹ 1,33,026 crore Gross GST Revenue collected for February 2022
GST collection crossed ₹ 1.30 lakh crore mark for the 5th time
Revenues for the month of February 2022 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020
The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is ₹ 24,435 crore, SGST is ₹ 30,779 crore, IGST is ₹ 67,471crore (including ₹ 33,837 crore collected on import of goods) and cess is ₹ 10,340 crore (including ₹ 638 crore collected on import of goods).
The government has set
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bruary 2022 should also be seen in the context of partial lockdowns, weekend and night curfews and various restrictions that were put in place by various States due to the omicron wave, which peaked around 20th January.
This is for the fifth time GST collection has crossed ₹ 1.30 lakh crore mark. Since implementation of GST, for the first time, GST cess collection crossed ₹ 10,000 crore mark, which signifies recovery of certain key sectors, especially, automobile sales.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of February 2022 as compared to February 2021.
State-wise growth of GST Revenues during F
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