Rs 1,33,026 crore Gross GST Revenue collected for February 2022


The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crore collected on import of goods) and cess is Rs 10,340 crore (including Rs 638 crore collected on import of goods).


The government has settled Rs 26,347 crore to CGST and Rs 21,909 crore to SGST from IGST. The total revenue of Centre and the States in the month of February 2022 after regular settlement is Rs 50,782 crore for CGST and Rs 52,688 crore for the SGST.


The revenues for the month of February 2022 are 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020. During the month, revenues from import of goods was 38% higher and the revenues from domestic transaction (including import of services) are 12% higher than the revenues from these sources during the same month last year.


February, being a 28-day month, normally witnesses revenues lower than that in January. This high growth during February 2022 should also be seen in the context of partial lockdowns, weekend and night curfews and various restrictions that were put in place by various States due to the omicron wave, which peaked around 20th January.


This is for the fifth time GST collection has crossed Rs 1.30 lakh crore mark. Since implementation of GST, for the first time, GST cess collection crossed Rs 10,000 crore mark, which signifies recovery of certain key sectors, especially, automobile sales.


The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of February 2022 as compared to February 2021.





State-wise growth of GST Revenues during February 2022[1]













































State Name

Feb-21

Feb-22

Growth

Jammu and Kashmir

330

326

-1%

Himachal Pradesh

663

657

-1%

Punjab

1,299

1,480

14%

Chandigarh

149

178

20%

Uttarakhand

1,181

1,176

0%

Haryana

5,590

5,928

6%

Delhi

3,727

3,922

5%

Rajasthan

3,224

3,469

8%

Uttar Pradesh

5,997

6,519

9%

Bihar

1,128

1,206

7%

Sikkim

222

222

0%

Arunachal Pradesh

61

56

-9%

Nagaland

35

33

-6%

Manipur

32

39

20%

Mizoram

21

24

15%

Tripura

63

66

4%

Meghalaya

147

201

37%

Assam

946

1,008

7%

West Bengal

4,335

4,414

2%

Jharkhand

2,321

2,536

9%

Odisha

3,341

4,101

23%

Chhattisgarh

2,453

2,783

13%

Madhya Pradesh

2,792

2,853

2%

Gujarat

8,221

8,873

8%

Daman and Diu

3


-92%

Dadra and Nagar Haveli

235

260

11%

Maharashtra

16,104

19,423

21%

Karnataka

7,581

9,176

21%

Goa

344

364

6%

Lakshadweep


1

74%

Kerala

1,806

2,074

15%

Tamil Nadu

7,008

7,393

5%

Puducherry

158

178

13%

Andaman and Nicobar Islands

23

22

-5%

Telangana

3,636

4,113

13%

Andhra Pradesh

2,653

3,157

19%

Ladakh

9

16

72%

Other Territory

134

136

1%

Center Jurisdiction

129

167

29%

Grand Total

88,102

98,550

12%




****


RM/KMN



[1] Does not include GST on import of goods




(Release ID: 1802040)
Visitor Counter : 1959











Grant of Rs. 1154.90 crore released to States for Urban Local Bodies


The Department of Expenditure, Ministry of Finance today released an amount of Rs. 1154.90 crore to 4 States for providing grants to Urban Local Bodies.  The States to which grants were released on Monday are Andhra Pradesh (Rs. 225.60 crore), Bihar (Rs. 769 crore), Gujarat (Rs. 165.30 crore) and Sikkim (Rs.5 crore).  The grants released are meant for Non-Million Plus cities (NMPCs) including Cantonment Boards.  


            The 15th Finance Commission in its report for the period from 2021-22 to 2025-26 has divided the Urban Local Bodies into two categories: (a) Million-Plus urban agglomerations/cities (excluding Delhi and Srinagar), and (b) all other cities and towns with less than one million population (Non-Million Plus cities).  The 15th FC has recommended separate grants for them. Out of the total grants recommended by the Commission for Non-Million Plus cities, 40% is basic (untied) grant and the remaining 60% is tied grant.  Basic grants (untied) are utilised for location specific felt needs, except for payment of salary and incurring other establishment expenditure.


On the other hand, tied grants for the Non-Million Plus cities are released for supporting and strengthening the delivery of basic services.  Out of the total tied grant, 50% is earmarked for ‘Sanitation Solid Waste Management and attainment of star ratings as developed by the Ministry of Housing & Urban Affairs (MOH&UA).  The remaining 50% is tied to ‘Drinking water, rainwater harvesting and water recycling’.


            The tied grants are meant to ensure availability of additional funds to urban local bodies over and above the funds allocated by the Centre and the State for sanitation and drinking water under various Centrally Sponsored Schemes and provide quality services to citizens.  State wise amount of urban local bodies grant released to states in the financial year 2021-22 so far are as under:




                                                                                                                                    Rs in crore


































S.No.

State

Amount of ULB grant released in 2021-22

1

Andhra Pradesh

873.00

2

Arunachal Pradesh

0.00

3

Assam

0.00

4

Bihar

759.00

5

Chhattisgarh

369.90

6

Goa

13.50

7

Gujarat

660.00

8

Haryana

193.50

9

Himachal Pradesh

98.55

10

Jharkhand

187.00

11

Karnataka

375.00

12

Kerala

168.00

13

Madhya Pradesh

499.00

14

Maharashtra

461.00

15

Manipur

0.00

16

Meghalaya

0.00

17

Mizoram

17.00

18

Nagaland

0.00

19

Odisha

411.00

20

Punjab

185.00

21

Rajasthan

490.50

22

Sikkim

10.00

23

Tamil Nadu

741.75

24

Telangana

209.43

25

Tripura

58.00

26

Uttar Pradesh

1592.00

27

Uttarakhand

104.50

28

West Bengal

696.00


Total

9172.63




****


RM/KMN




(Release ID: 1798314)
Visitor Counter : 830











More than 43.34 crore Permanent Account Numbers (PANs) linked with Aadhaar till 24.01.2022


As on 24-01-2022, the total number of Permanent Account Numbers (PANs) linked with Aadhaar is 43,34,75,209. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.


The Minister further stated that the time-limit as extended by the Government for linking all PAN cards with Aadhaar cards is 31-03-2022.


Speaking on the difficulties involved, the Minister stated that there could be different reasons for difficulties in linking PAN card with Aadhaar card faced by the taxpayers. These inter alia may be on account of mismatch between PAN and Aadhaar details in respect of information regarding name, date/year of birth, mobile number for receipt of OTP for linking of PAN, etc. If the mismatch is on account of Aadhaar Card details, the taxpayer may get the Aadhaar details corrected by concerned authority. Wherever the mismatch or difficulty regarding PAN card itself is brought to notice, action is taken and resolution is provided to the taxpayer, the Minister stated.




****




RM/KMN




(Release ID: 1796312)
Visitor Counter : 150













5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021


Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 31st December, 2021, the extended due date. More than 46.11 lakh ITRs were filed on 31.12.2021. In order to assist taxpayers with a smooth experience on the portal, 16,850 taxpayer calls and 1,467 chats were responded to by the helpdesk. In addition, the Department has been proactively engaging with and reaching out to taxpayers and professionals for assistance on its official Twitter handle. On 31st December, 2021 alone, more than 230 Tweets from taxpayers and professionals were responded to.


Out of 5.89 crore ITRs filed for AY 2021-22 as on 31st December, 49.6% of these are ITR1 (2.92 crore), 9.3% are ITR2 (54.8 lakh), 12.1% are ITR3 (71.05 lakh), 27.2% are ITR4 (1.60 crore), 1.3% are ITR5 (7.66 lakh), ITR6 (2.58 lakh) and ITR7 (0.67 lakh). Over 45.7% of these ITRs have been filed using the online ITR form on the portal and the balance have been uploaded using the ITR created from the offline software utilities.


In comparison, as on 10th January, 2021 (the extended due date for ITRs for AY 2020-21), the total number of ITRs filed was 5.95 crore with 31.05 lakh ITRs filed on the last day ie on 10th January, 2021 as against over 46.11 lakh ITRs filed on the last day this year.


The Department gratefully acknowledges the contribution of the taxpayers, Tax Practitioners, Tax Professionals and others who have made this possible. We reiterate our resolve to work tirelessly to ensure a smooth & stable taxpayer service experience to all.


****


RM/KMN




(Release ID: 1786783)
Visitor Counter : 849











Over Rs. 75,000 crore paid to MSME vendors by Government Ministries/Depts/CPSUs between June and October, 2021


The Atmanirbhar Bharat Package aims to strengthen the Indian economy and increase its competitiveness in the global market with the underlying objective of self-reliance by fulfilling its unique objective of providing financial cushion to Micro, Small and Medium Enterprises (MSMEs) by providing them collateral free loans and encouraging entrepreneurs to produce maximum goods and services within the country. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.


The Minister stated that dues of Rs. 75,471.78 crore have been paid to the MSME vendors by Government Ministries/Depts/CPSUs between 1st June 2020 and 31st October, 2021.


Giving more details, the Minister stated that the following schemes have been announced under Atmanirbhar Bharat Package to provide support for growth of MSME sector: –


  1. An Emergency Credit Line Guarantee Scheme (ECLGS) was announced in May,2020. ECLGS 2.0, ECLGS 3.0. & ECLGS 4.0. were announced on 26.11.2020, 31.03.2021 & 31.5.2021 respectively to enlarge its scope and to make it more attractive. Validity of the Scheme extended up to 31.03.2022 or till guarantees for an amount of Rs.4.5 lakh crore are issued, whichever is earlier. A Statement indicating State-wise beneficiaries of the scheme is at ANNEXURE-I.
  2. A Rs 20,000 crores Credit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed MSMEs launched on 01.06.2020. State-wise Guarantee coverage as on 02.12.2021 under CGSSD is at ANNEXURE-II.
  3. Self-reliant India Fund for equity infusion of Rs 50,000 cr. in MSMES through Fund of Funds (FoF] announced with a Corpus of Rs. 10,000 crores with remaining Rs. 40,000 crore leveraged through Private Equity/Venture Capital Funds.
  4. Definition of MSMEs revised on the basis of investment limit and turnover size.
  5. Amendment of Rule 161(iv) of General Financial Rules (GFRs 2017) to disallow Global Tender Enquiry for tenders upto Rs.200 crores with certain conditions.
  6. Other interventions viz. launching of a new portal of KVIC (www.ekhadiindia.com), upgrading the existing running portal of NSIC, adding a new component for virtual trade fair under Procurement & Marketing Support (PMS) scheme to promote e-marketing, launching the online portal ‘Champions’ covering many aspects of e- governance and e-promotion of MSMEs, linking of Udyam Registration Portal with GeM Portal, a special sub-portal within SAMADHAAN portal and an online reporting system was developed for reporting the dues and monthly payments by GOI Ministries and CPSEs to the MSMEs.


The implementation of the Schemes/Programmes introduced by the Government are reviewed from time to time, the Minister added.




****


RM/KMN




(Release ID: 1781003)
Visitor Counter : 296