Quick Summary
Rs 1,33,026 crore Gross GST Revenue collected for February 2022 GST collection crossed Rs 1.30 lakh crore mark for the 5th time Revenues for the month of February 2022 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020 The gros
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FAQ :
The Gross GST Revenue collected for February 2022 was £1,33,026 crore.
February 2022 GST revenues were 18% higher than in February 2021 and 26% higher than in February 2020.
This is the first time GST cess collection has crossed the £10,000 crore mark, suggesting a recovery in certain key sectors, particularly automobile sales.
Despite February typically seeing lower revenues due to its shorter duration and the impact of partial lockdowns, weekend and night curfews due to the Omicron wave, the collection remained high.
States like Odisha (23%), Maharashtra (21%), and Karnataka (21%) showed significant year-on-year growth in GST revenues for February 2022.
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