Trending TopicsIpl 2024Lok Sabha 2024

---Advertisement---

GST Collection of February 2023 jumps 12% to 1.49 lakh crore, Biggest month for cess collection

February 2023 GST Collection: The Finance Ministry on Wednesday issued the Goods and Services Tax collection report of February 2023. As per the report, GST collection rose by 12 percent on YOY basis to over Rs 1.49 lakh crore. The Government has collected a cess of Rs, 11,931, which is the highest since the implementation […]

Edited By : Aditya Singh | Updated: Mar 1, 2023 20:19 IST
Share :
12% GST on Hostel PG
Rent paid for hostel and PG will come under GST

February 2023 GST Collection: The Finance Ministry on Wednesday issued the Goods and Services Tax collection report of February 2023. As per the report, GST collection rose by 12 percent on YOY basis to over Rs 1.49 lakh crore. The Government has collected a cess of Rs, 11,931, which is the highest since the implementation of GST in the year 2017.

However, the GST collection in February is lower than the collection of the first month (January) of the year 2023. With a collection of 1.57 lakh crore, January recorded the second-highest GST collection ever. April 2022 has the record of all-time high GST collection with Rs 1.68 lakh crore.

“The Gross Goods and Service Tax revenue collection in February 2023 is Rs 1,49,577 Lakh crore. Here are the breakouts.

CGST – 27,662 crore
SGST – 34,915 crore
IGST – 75,069 crore
Cess – 11,931 crore

The GST collection of February 2023 is 12 per cent higher on a year-on-year basis. In February 2022 The GST collection was 1.33 lakh crore.

Also Read: Home Ministry suspends FCRA licence of CPR, Violation of norms found

First published on: Mar 01, 2023 08:19 PM IST

Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story