Gross GST revenue for January 2022 reached an impressive Rs 1,38,394 crore, marking the fourth time collections have surpassed the Rs 1.30 lakh crore threshold. This figure represents a 15% increase compared to January 2021 and a significant 25% rise from January 2020. The growth is attributed to economic recovery, robust anti-evasion measures, and adjustments to tax rates.
Rs 1,38,394 crore Gross GST Revenue collected for January 2022
Revenues for the month of January 2022 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020
The gross GST revenue collected in the month of January 2022till 3PMon 31.01.2022
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FAQ :
The gross GST revenue collected in January 2022 was Rs 1,38,394 crore.
Revenues for January 2022 were 15% higher than in January 2021 and 25% higher than in January 2020.
The collection includes Rs 24,674 crore CGST, Rs 32,016 crore SGST, Rs 72,030 crore IGST, and Rs 9,674 crore cess.
The increase is due to economic recovery, anti-evasion activities like action against fake billers, and rate rationalisation measures.
A total of 1.05 crore GSTR-3B returns were filed, including 36 lakh quarterly returns.
The Centre released Rs 18,000 crore in GST compensation to States/UTs in January 2022.