Rs 1,38,394 Cr gross GST revenue collected for Jan 2022

The gross GST revenue collected in the month of January, 2022 is one lakh 38 thousand 394 crore rupees. Of which CGST is 24 thousand 674 crore rupees, SGST is over 32 thousand crore rupees, IGST is over 72 thousand crore rupees and cess is nine thousand 674 crore rupees.

Finance Ministry said, the highest monthly GST collection has been one lakh 39 thousand 708 crore rupees in the month of April 2021.

The revenues for the month of January this year is 15 per cent higher than the GST revenues in the same month last year. The Ministry said, this is for the fourth time GST collection has crossed one lakh 30 thousand crore rupees mark.

It said, the improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure. The Ministry has expected that the positive trend in the revenues will continue in the coming months as well.