In an official release, the Treasury said the tax collected by the center last month was Rs 11,931 crore, the highest since the inception of the GST.
Of the total revenue of Rs 1,49,577 crore, the Central Goods and Services Tax (CGST) is Rs 27,662 crore, the State Goods and Services Tax (SGST) is Rs 34,915 crore, Integrated Goods and Services Tax (IGST) is Rs 75,069 crore (including Rs 35,689 crore levied on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore levied on import of goods). ).
However, the revenue is lower than the second-highest GST cleanup recorded in January at over Rs 1.57 crore. The collection hit an all-time high of Rs 1.68 lakh crore in April 2022.
“During the month, revenue from imports of goods was 6% higher and revenue from domestic transactions (including import of services) was 15% higher than revenue from these sources in the same month last year,” the press release said.
Meanwhile, the Government paid Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement.
The total revenue of the center and states as per regular accounts in the month of February is Rs.62,432 crore for the CGST and Rs.63,969 crore for the SGST.
In addition, the center had also released a GST allowance of Rs.16,982 crore for the month of June 2022 and Rs.16,524 crore to states/UTs that sent AG certified figures for the previous period, the press release said .
“Typically, February is a 28-day month and has relatively lower revenue collection,” the ministry said.
