New Delhi Jan 31 PTI GST collection in January crossed Rs 138 lakh crore in January a growth of 15 per cent over the year-ago period on pick up in economic activity and anti-evasion measures the Finance Ministry said on Monday Total number of GSTR-3B returns filed up to January 30 2022 is 105 crore that includes 36 lakh quarterly returns January is the fourth month when Goods and Services Tax GST collection has crossed the Rs 130 lakh crore and seventh month in a row when it crossed the Rs 1 lakh crore mark In December the collection was over Rs 129 lakh crore The gross GST revenue collected in the month of January 2022 till 3 PM on January 31 2022 is Rs 138394 crore of which CGST is Rs 24674 crore SGST is Rs 32016 crore IGST is Rs 72030 crore including Rs 35181 crore collected on import of goods and cess is Rs 9674 crore including Rs 517 crore collected on import of goods the ministry said The highest monthly GST collection has been Rs 139708 crore in the month of April 2021 The revenues for the month of January 2022 are 15 per cent higher than the GST revenues in the same month last year and 25 per cent higher than the GST revenues in January 2020 Coupled with economic recovery anti-evasion activities especially action against fake billers have been contributing to the enhanced GST The improvement in revenue has also been due to various rate rationalisation measures undertaken by the council to correct inverted duty structure the ministry said It is expected that the positive trend in the revenues will continue in the coming months as well it added During the month revenue from import of goods was 26 per cent higher and the revenues from domestic transaction including import of services are 12 per cent higher than the revenues from these sources during the same month last year About 67 crore e-way bills were generated in the month of December 2021 which is 14 per cent higher than 58 crore e-way bills generated in the month of November 2021 Deloitte India Partner M S Mani said the fact that the collections are now inching closer to the Rs 140 lakh crore monthly mark leads to expectations of high but stable GST collections in the FY23 budgetary exercise The continuing increase in collections both on domestic transactions and import transactions viewed together with the recent increases in export revenues would provide more fiscal headroom in the FY23 budget calculations Mani said PTI JD MKJ
New Delhi Jan 31 PTI GST collection in January crossed Rs 138 lakh crore in January a growth of 15 per cent over the year-ago period Total number of GSTR-3B returns filed up to January 30 2022 is 105 crore that includes 36 lakh quarterly returns the Finance Ministry said January is the fourth straight month when Goods and Services Tax collection has crossed Rs 130 lakh crore The gross GST revenue collected in the month of January 2022 till 3 PM on 31012022 is Rs 138394 crore of which CGST is Rs 24674 crore SGST is Rs 32016 crore IGST is Rs 72030 crore including Rs 35181 crore collected on import of goods and cess is Rs 9674 crore including Rs 517 crore collected on import of goods the ministry said The highest monthly GST collection has been Rs 139708 crore in the month of April 2021 The revenues for the month of January 2022 are 15 per cent higher than the GST revenues in the same month last year and 25 per cent higher than the GST revenues in January 2020 Coupled with economic recovery anti-evasion activities especially action against fake billers have been contributing to the enhanced GST The improvement in revenue has also been due to various rate rationalisation measures undertaken by the Council to correct inverted duty structure the ministry said It is expected that the positive trend in the revenues will continue in the coming months as well it added PTI JD MKJ
\
\
\
\
\
\
