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GST mop-up grows 8.1% to over ₹1.83 lakh crore in February – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

GST mop-up grows 8.1% to over ₹1.83 lakh crore in February

GST mop-up grows 8.1% to over ₹1.83 lakh crore in February

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| Photo Credit: Getty Images/iStockphoto

Gross GST collection increased 8.1% to over ₹1.83 lakh crore in February, led by higher growth in revenues from imports.

Gross domestic revenue rose 5.3% to about ₹1.36 lakh crore, while gross import revenue climbed 17.2% to ₹47,837 crore.

Total refunds were up 10.2% at ₹22,595 crore.

Total net Goods and Services Tax (GST) collection stood at over ₹1.61 lakh crore, up 7.9% year-on-year.

Net cess revenue was ₹5,063 crore, down from ₹13,481 crore in February last year.

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