<p>Gross revenue collection from goods and services tax (GST) rose to Rs 1.49 lakh crore in February, posting a year-on-year increase of 12 per cent, helped by a sharp jump in mop-up in the states like Karnataka, Bihar, Haryana and Goa, as per the government data released on Wednesday.</p>.<p>GST revenue has remained above Rs 1.4 lakh crore for 12 months in a row. Gross revenue from GST stood at Rs 1.58 lakh crore in January, which was the second-highest monthly collection since the implementation of the GST in July 2017. The highest ever GST revenue collection of Rs 1.67 lakh crore was recorded in April 2022.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/centre-to-clear-all-gst-compensation-dues-to-states-says-fm-nirmala-sitharaman-1192634.html" target="_blank">Centre to clear all GST compensation dues to states, says FM Nirmala Sitharaman</a></strong></p>.<p>If considered on a monthly basis, the GST revenue collection in February was lower when compared with the previous month. Normally, February being a 28 day month, witnesses a relatively lower collection of revenue, the union finance ministry said.</p>.<p>Healthy growth in revenue collection was witnessed in the states like Karnataka, Bihar, Delhi, Haryana and Uttarakhand.</p>.<p>In Karnataka, GST revenue during February 2023 jumped to Rs 10,809 crore, which is 18 per cent higher when compared with the collection of Rs 9,176 crore recorded in the same month of last year.</p>.<p>Karnataka is the second highest contributor to GST collection in the country. Maharashtra, which contributes highest to the GST kitty, witnessed Rs 22,349 crore collection in February, registering year-on-year growth of 15 per cent.</p>.<p>The states that witnessed a sharp jump in GST revenue collection on a year-on-year basis include Bihar 24 per cent, Haryana 23 per cent, Delhi 22 per cent, Uttarakhand 20 per cent and Goa 35 per cent.</p>.<p>February witnessed the highest cess collection of Rs 11,931 crore since implementation of GST. During the month, revenues from import of goods increased by 6 per cent, while the revenues from domestic transactions (including import of services) jumped by 15 per cent on a year-on-year basis.</p>.<p>The gross GST collection of Rs 1,49,577 crore in February included CGST Rs 27,662 crore, SGST Rs 34,915 crore, IGST Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and cess Rs 11,931 crore (including Rs 792 crore collected on import of goods).</p>.<p>The central government has settled Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement.</p>.<p>The total revenue of the centre and the states after regular settlements in February 2023 stood at Rs 62,432 crore for CGST and Rs 63,969 crore for the SGST.</p>.<p>In addition, the centre has also released the balance GST compensation of Rs 16,982 crore for the month of June 2022 and Rs 16,524 crore to states/UTs which have sent AG certified figures for the previous period, the finance ministry said. </p>
<p>Gross revenue collection from goods and services tax (GST) rose to Rs 1.49 lakh crore in February, posting a year-on-year increase of 12 per cent, helped by a sharp jump in mop-up in the states like Karnataka, Bihar, Haryana and Goa, as per the government data released on Wednesday.</p>.<p>GST revenue has remained above Rs 1.4 lakh crore for 12 months in a row. Gross revenue from GST stood at Rs 1.58 lakh crore in January, which was the second-highest monthly collection since the implementation of the GST in July 2017. The highest ever GST revenue collection of Rs 1.67 lakh crore was recorded in April 2022.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/centre-to-clear-all-gst-compensation-dues-to-states-says-fm-nirmala-sitharaman-1192634.html" target="_blank">Centre to clear all GST compensation dues to states, says FM Nirmala Sitharaman</a></strong></p>.<p>If considered on a monthly basis, the GST revenue collection in February was lower when compared with the previous month. Normally, February being a 28 day month, witnesses a relatively lower collection of revenue, the union finance ministry said.</p>.<p>Healthy growth in revenue collection was witnessed in the states like Karnataka, Bihar, Delhi, Haryana and Uttarakhand.</p>.<p>In Karnataka, GST revenue during February 2023 jumped to Rs 10,809 crore, which is 18 per cent higher when compared with the collection of Rs 9,176 crore recorded in the same month of last year.</p>.<p>Karnataka is the second highest contributor to GST collection in the country. Maharashtra, which contributes highest to the GST kitty, witnessed Rs 22,349 crore collection in February, registering year-on-year growth of 15 per cent.</p>.<p>The states that witnessed a sharp jump in GST revenue collection on a year-on-year basis include Bihar 24 per cent, Haryana 23 per cent, Delhi 22 per cent, Uttarakhand 20 per cent and Goa 35 per cent.</p>.<p>February witnessed the highest cess collection of Rs 11,931 crore since implementation of GST. During the month, revenues from import of goods increased by 6 per cent, while the revenues from domestic transactions (including import of services) jumped by 15 per cent on a year-on-year basis.</p>.<p>The gross GST collection of Rs 1,49,577 crore in February included CGST Rs 27,662 crore, SGST Rs 34,915 crore, IGST Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and cess Rs 11,931 crore (including Rs 792 crore collected on import of goods).</p>.<p>The central government has settled Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement.</p>.<p>The total revenue of the centre and the states after regular settlements in February 2023 stood at Rs 62,432 crore for CGST and Rs 63,969 crore for the SGST.</p>.<p>In addition, the centre has also released the balance GST compensation of Rs 16,982 crore for the month of June 2022 and Rs 16,524 crore to states/UTs which have sent AG certified figures for the previous period, the finance ministry said. </p>