{"id":335480,"date":"2022-02-01T06:51:22","date_gmt":"2022-02-01T12:21:22","guid":{"rendered":"http:\/\/tehelka.com\/?p=335480"},"modified":"2022-02-01T06:53:43","modified_gmt":"2022-02-01T12:23:43","slug":"center-govt-collects-rs-138394-crore-gross-gst-revenue-in-january-2022","status":"publish","type":"post","link":"https:\/\/tehelka.com\/center-govt-collects-rs-138394-crore-gross-gst-revenue-in-january-2022\/","title":{"rendered":"Center Govt collects Rs 1,38,394 crore Gross GST Revenue in January 2022"},"content":{"rendered":"<p>NEW DELHI: Gross GST revenue collected in the month of January 2022\u00a0till 3PM\u00a0on 31.01.2022 is\u00a0Rs 1,38,394 crore\u00a0of which CGST is\u00a0Rs 24,674 crore, SGST is\u00a0Rs 32,016 crore, IGST is\u00a0Rs 72,030 crore\u00a0(including\u00a0Rs\u00a035,181 crore collected on import of goods) and cess is\u00a0Rs 9,674 crore\u00a0(including\u00a0Rs\u00a0517 crore collected on import of goods). The highest monthly GST collection has been\u00a0Rs\u00a01,39,708 crore in the month of April 2021. Total number of GSTR-3B returns filed upto 30<sup>th<\/sup>\u00a0January 2022 is 1.05 crore that includes 36 lakh quarterly returns.<\/p>\n<p>The government has settled\u00a0Rs\u00a029,726 crore to CGST and\u00a0Rs\u00a024,180 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs. 35,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States\/UTs in this month. The total revenue of Centre and the States in the month of January 2022 after regular and ad-hoc settlements is\u00a0Rs\u00a071,900 crore for CGST and\u00a0Rs\u00a073,696 crore for the SGST. Centre also released GST compensation\u00a0Rs 18,000 crore\u00a0in January\u20192022 to States\/UTs.<\/p>\n<p>The revenues for the month of January<strong>\u00a0<\/strong>2022 are 15%<strong>\u00a0<\/strong>higher than the GST revenues in the same month last year and 25% higher than the GST revenues in January 2020. During the month, revenues from import of goods was 26% higher and the revenues from domestic transaction (including import of services) are 12% higher than the revenues from these sources during the same month last year.<\/p>\n<p>This is for the fourth time GST collection has crossed\u00a0Rs\u00a01.30 lakh crore mark. 6.7 crore e-way bills were generated in the month of December 2021 which is 14% higher than 5.8 crore e-way bills generated in the month of November 2021. Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure. It is expected that the positive trend in the revenues will continue in the coming months as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Gross GST revenue collected in the month of January 2022\u00a0till 3PM\u00a0on 31.01.2022 is\u00a0Rs 1,38,394 crore\u00a0of which CGST is\u00a0Rs 24,674 crore, SGST is\u00a0Rs 32,016 crore, IGST is\u00a0Rs 72,030 crore\u00a0(including\u00a0Rs\u00a035,181 crore collected on import of goods) and cess is\u00a0Rs 9,674 crore\u00a0(including\u00a0Rs\u00a0517 crore collected on import of goods). The highest monthly GST collection has been\u00a0Rs\u00a01,39,708 crore [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":335483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335480"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=335480"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335480\/revisions"}],"predecessor-version":[{"id":335482,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/335480\/revisions\/335482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/335483"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=335480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=335480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=335480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}