GST collection at Rs 1.55 Lakh Crore in January 2023

GST collection at Rs 1.55 Lakh Crore in January 2023: The GST collection in January surged to over ₹ 1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday.

“The gross GST revenue collected in the month of January 2023 till 5:00 PM on 31.01.2023 is ₹ 1,55,922 crore of which CGST is ₹ 28,963 crore, SGST is ₹ 36,730 crore, IGST is ₹ 79,599 crore (including ₹ 37,118 crore collected on import of goods) and cess is ₹ 10,630 crore (including ₹  768 crore collected on import of goods),” the ministry said in a statement.

February 2023 Current Affairs Quiz

The GST collection in January 2023 is the second highest, after the Rs 1.68 lakh crore gross mop-up reported in April 2022. The revenues in the current financial year up to January 2023 are 24% higher than the GST revenues in January 2022.

GST Day: 1st July