Gross GST Collections For Jan At Rs 1.41L Cr, Highest Ever: FM Sitharaman

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New Delhi: Finance Minister Nirmala Sitharaman during her Budget speech for the financial year 2022-2023 announced that the gross Goods and Services (GST) Tax collections for the month of January 2022 is at Rs 1,40,986 crore, which is the highest since the inception of GST.

Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, it added.

The minister further said that the highest GST revenue collection was due to the rapid economic growth recovery post-COVID as well as various policy and administrative measures undertaken by central and state tax administrations.

January is the fourth month when Goods and Services Tax (GST) collection has crossed the Rs 1.30 lakh crore, and seventh month in a row when it crossed the Rs 1 lakh crore mark.

In December the collection was over Rs 1.29 lakh crore.

“The gross GST revenue collected in the month of January 2022 till 3 PM on January 31, 2022, is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods) and cess is Rs 9,674 crore (including Rs 517 crore collected on import of goods),” the Finance Ministry had said on Monday.

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