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GST collection stands at Rs 1.38 lakh crore in January

01 Feb 2022 Evaluate

The Finance Ministry said GST collection in January crossed Rs 1.38 lakh crore, a growth of 15 percent over the year-ago period. The total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns. January is the fourth straight month when Goods and Services Tax collection has crossed Rs 1.30 lakh crore.

The gross GST revenue collected in the month of January 2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods) and cess is Rs 9,674 crore (including Rs 517 crore collected on import of goods).

The highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021. The revenues for the month of January 2022 are 15 percent higher than the GST revenues in the same month last year and 25 percent higher than the GST revenues in January 2020.

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