Tag: indian ecoomy

GST collection up 18% YoY at over Rs 1.33 trn in February 2022

Tuesday, March 1, 2022
GST collections in February stood at over Rs 1.33 trillion in February 2022, an 18 percent growth over the year-ago period, the Finance Ministry said today(1st March 2022). The February mop-up was impacted by the Omicron wave that swept through the country and hence, the gross sales tax collection was lower than the record Rs 1,40,986 crore netted in January. "The gross GST revenue collected in February 2022 is Rs 1,33,026 crore of which Central GST is Rs 24,435 crore, State GST is Rs 30,779 crore, Integrated GST is Rs 67,471 crore (including Rs 33,837 crore collected on import of goods) and cess is Rs 10,340 crore (including Rs 638 crore collected on import of goods)," the ministry said in a statement. Read more