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Average monthly gross GST collection for third quarter of FY 2021-22 is Rs.1.30 lakh crore Record GST collection of Rs.1,40,986 crore reported for January, 2022 The average monthly gross Goods Services Tax (GST) collection for the third quarter of FY 2021-22 has been Rs.1.30 lakh crore against the average monthly collection of Rs.1.10 lakh crore and Rs 1.15 lakh crore in the first and second quarters respectively. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhar
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FAQ :
The total GST collection in January 2022 was a record Rs.1,40,986 crore.
Yes, the January 2022 collection of Rs.1,40,986 crore is the highest since the implementation of GST.
The average monthly gross GST collection for the third quarter of FY 2021-22 was Rs.1.30 lakh crore.
The average monthly collection for Q3 FY 2021-22 (Rs.1.30 lakh crore) is higher than the averages of Rs.1.10 lakh crore in Q1 and Rs.1.15 lakh crore in Q2 of the same fiscal year.
Efforts include GST rate rationalisation, e-invoicing, mandatory e-filing and e-payment, penalties for delayed payments, compliance verification using third-party data, enforcement, taxpayer education, and media campaigns.
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