The Goods and services tax (GST) collected in January-2022 rose to Rs 3,995.40 crore, which is 27.35 per cent higher than in the same period a year ago. Last year’s GST collection during January was to the tune of 3137.45 crore, said officials on Friday.

The constant increase in collection in the recent months indicates the fact that the economy is recovering at a fast pace in the State. The economic activities had borne the brunt due to COVID-19 situation last year. The State is on the path of economic revival and the increasing GST collection is a clear indicator to it, said the official.

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The progressive gross GST collection up to January for the current financial year was assessed at Rs 36,108.52 crore. The state had collected Rs 23,226.91 crore till January of last fiscal, thereby registering a growth of 55.46 per cent, the state GST officials said.

The State GST (SGST) collection recorded a 47 per cent growth in January 2022. The SGST collection last month stood at Rs 1,143.14 crore against Rs 777.71 crore collected in January 2021.

The progressive gross SGST collection till January 2022 was Rs 10,239.39 crore as against Rs 6,556.47 crore collected till January 2021, thereby registering a growth rate of 56.17 per cent.

There was also a collection of Rs 965.92 crore in CGST, Rs 1134.15 crore in IGST and Rs 752.19 crore in Cess during the month under review.

The total collection of VAT (petrol and liquor) stood at Rs 853.43 crore in January 2022 as against Rs 835.23 crore in the corresponding month of the previous year, with a growth rate of 2.18 per cent.

Out of the above, collection from petroleum products was Rs 657.99 crore while collection from liquor was Rs 195.43 crore.