The federal government’s items and repair tax income assortment for February surged to a document.
The GST income for February (collected in March) stood at slightly over Rs 1.42 lakh crore, in response to an announcement by the Finance Ministry.
The month’s income collections are 15% larger than a 12 months earlier and 46% larger than the GST revenues collected for February in March 2020. The gathering in March 2022 (for February) is an all-time excessive, breaching earlier document of Rs 1.41 crore collected in January 2022.
Break-Up Of GST Collections
-
Central GST: Rs 25,830 crore.
-
State GST: Rs 32,378 crore.
-
Built-in GST: Rs 74,470 crore, together with Rs 39,131 crore collected on import of products.
-
Cess: Rs 9,417 crore, together with Rs 981 crore collected on import of products.