GST Revenues in February

Overview:

• For the 5th time GST series has crossed the mark of Rs 1.30-lakh-crore.
• Since GST’s implementation, GST cess series, for the primary time, crossed the mark of Rs 10,000-crore. This showcases the recuperation of sure vital sectors, like car sales.
• Being the shortest month, February witness’s sales decrease than that of January.
• This multiplied GST sales in February 2022 have to be considered in mild of partial lockdowns, weekend and night time curfews, and different regulations imposed through many states in reaction to the omicron wave.

What is the breakdown of the GST sales amassed in February 2022?

The gross GST sales amassed is Rs 1,33,026 crore. Out of sales amassed State GST is Rs 30,779 crore, Central GST is Rs 24,435 crore, cess is Rs 10,340 crore which incorporates Rs 638 crore amassed on items imported, and Integrated GST is Rs 67,471 crore which incorporates Rs 33,837 crore amassed on items imported.

What became the growth in sales from the import of items?

February 2022 witnessed an growth in sales from items imported through 38 according to cent. The home transactions sales which encompass import of offerings additionally multiplied through 12 according to cent.

Which State/UT noticed the best soar in GST series?

The maximum soar in GST series became witnessed through Lakshadweep with a seventy four according to cent upward push from February 2021 to February 2022. Ladakh observed with a seventy two according to cent upward push in GST series.

Read more: haryana gk in hindi.