GST collection crosses Rs 1.33 lakh crore in February

This is the fifth time in the current financial year that the GST collection has crossed Rs 1.30 lakh crore.

The Finance Ministry said that this is the first time that the cess collection has crossed the Rs 10,000 crore mark, indicating improvement in some key sectors, including vehicles.

In February, collections were hit by the third wave of the COVID-19 virus.

The GST collection in January 2022 was Rs 1,40,986 crore. The Gross GST Revenue in February 2022 stood at Rs 1,33,026 crore, of which Central GST is Rs 24,435 crore, State GST is Rs 30,779 crore, Integrated GST is Rs 67,471 crore and Cess is Rs 10,340 crore, the ministry said in a statement.