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Centre Registers Record GST Collection Of Rs.1,40,986 Cr In Jan
The minister also stated that since the centre has been making concerted efforts to raise tax revenue collections, it is expected that the GST collection may remain buoyant in the coming months as well.
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The average monthly gross Goods and 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, said Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Lok Sabha on Monday.
The Minister further stated that a record GST collection of Rs.1,40,986 crore is reported in the month of January 2022 and this collection has been the highest since the implementation of the GST.
There was a minor dip in the GST collection in the month of December 2021 as compared to the months of October and November 2021 but it touched the highest ever collection of Rs 1,40,986 crore in January 2022, the minister stated.
The minister also stated that since the centre has been making concerted efforts to raise tax revenue collections, it is expected that the GST collection may remain buoyant in the coming months as well.