GST Collection
Crossed Rs 1.30 lakh crore Mark for the 5th time
·
IGST
on Imports Leads Revenue Collections
·
Rs
1,33,026 crore Gross GST Revenue Collected for February 2022
·
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 Rs 24,435 crore, SGST
is Rs 30,779 crore, IGST is Rs
67,471crore (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 government
has settled Rs 26,347 crore to CGST and Rs 21,909 crore to SGST from IGST. The total revenue of Centre
and the States in the month of February 2022 after regular settlement is Rs 50,782 crore for CGST and Rs 52,688
crore for the SGST.
The revenues
for the month of February 2022 are 18% higher than the GST revenues in the same
month last year and 26% higher than the GST revenues in February 2020. During the
month, revenues from import of goods was 38% higher and the revenues from domestic
transaction (including import of services) are 12% higher than the revenues from
these sources during the same month last year.
February,
being a 28-day month, normally witnesses revenues lower than that in January. This
high growth during February 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 Rs 1.30
lakh crore mark. Since implementation of GST, for the first time, GST cess collection crossed Rs 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
February 2022
|
State Name |
Feb-21 |
Feb-22 |
Growth |
|
Jammu
and Kashmir |
330 |
326 |
-1% |
|
Himachal
Pradesh |
663 |
657 |
-1% |
|
Punjab |
1,299 |
1,480 |
14% |
|
Chandigarh |
149 |
178 |
20% |
|
Uttarakhand |
1,181 |
1,176 |
0% |
|
Haryana |
5,590 |
5,928 |
6% |
|
Delhi |
3,727 |
3,922 |
5% |
|
Rajasthan |
3,224 |
3,469 |
8% |
|
Uttar
Pradesh |
5,997 |
6,519 |
9% |
|
Bihar |
1,128 |
1,206 |
7% |
|
Sikkim |
222 |
222 |
0% |
|
Arunachal
Pradesh |
61 |
56 |
-9% |
|
Nagaland |
35 |
33 |
-6% |
|
Manipur |
32 |
39 |
20% |
|
Mizoram |
21 |
24 |
15% |
|
Tripura |
63 |
66 |
4% |
|
Meghalaya |
147 |
201 |
37% |
|
Assam |
946 |
1,008 |
7% |
|
West
Bengal |
4,335 |
4,414 |
2% |
|
Jharkhand |
2,321 |
2,536 |
9% |
|
Odisha |
3,341 |
4,101 |
23% |
|
Chhattisgarh |
2,453 |
2,783 |
13% |
|
Madhya
Pradesh |
2,792 |
2,853 |
2% |
|
Gujarat |
8,221 |
8,873 |
8% |
|
Daman
and Diu |
3 |
0 |
-92% |
|
Dadra
and Nagar Haveli |
235 |
260 |
11% |
|
Maharashtra |
16,104 |
19,423 |
21% |
|
Karnataka |
7,581 |
9,176 |
21% |
|
Goa |
344 |
364 |
6% |
|
Lakshadweep |
0 |
1 |
74% |
|
Kerala |
1,806 |
2,074 |
15% |
|
Tamil
Nadu |
7,008 |
7,393 |
5% |
|
Puducherry |
158 |
178 |
13% |
|
Andaman
and Nicobar Islands |
23 |
22 |
-5% |
|
Telangana |
3,636 |
4,113 |
13% |
|
Andhra
Pradesh |
2,653 |
3,157 |
19% |
|
Ladakh |
9 |
16 |
72% |
|
Other
Territory |
134 |
136 |
1% |
|
Center
Jurisdiction |
129 |
167 |
29% |
|
Grand Total |
88,102 |
98,550 |
12% |