Friday, April 4, 2025

GST collections in Feb slide to Rs 1,49,577 cr against Rs 1,55,922 cr in Jan

Date:

Share post:

New Delhi, March 1: Goods and Services Tax (GST) collections in February, 2023 stood at Rs 1,49,577 crore, lower than Rs 1,55,922 crore collected in January.

Out of the Rs 1,49,577 crore collected through GST revenue in February, CGST was Rs 27,662 crore, SGST was Rs 34,915 crore and IGST was Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) while cess was Rs 11,931 crore (including Rs 792 crore collected on import of goods).

February’s GST collections were marginally higher than December 2022 collections, which were Rs 1,49,507 crore.

Monthly GST revenues have been more than Rs 1.4 lakh crore for 12 straight months in a row.

The government has settled Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement.

The total revenue of Centre and the states after regular settlements in the month of February 2023 is Rs 62,432 crore for CGST and Rs 63,969 crore for the SGST.

In addition, Centre had also released balance GST compensation of Rs 16,982 crore for the month of June 2022 and Rs 16,524 crore to States/UTs which have sent AG certified figures for previous period.

IANS

Related articles

PM Modi urges Bangladesh’s Yunus to avoid rhetoric, protect minorities

Bangkok, April 4: Prime Minister Narendra Modi on Friday raised the issue of safety and security of minorities...

SC orders Yasin Malik to cross-examine witnesses virtually from Tihar

New Delhi, April 4: The Supreme Court on Friday allowed jailed JKLF chief Yasin Malik to cross-examine witnesses...

India in active talks with domestic pharma exporters amid new US tariff threat

New Delhi, April 4: The Commerce Ministry is in active talks with Indian pharmaceutical exporters amid growing concerns...

Rupee strengthens against dollar amid Trump’s reciprocal tariffs

New Delhi, April 4: The Indian rupee witnessed sharp gains on Friday at below 85 against dollar, as...