Govt collects ₹1.05 lakh crore GST revenue in February, down from ₹1.1 lakh crore in January
The total revenue earned by Central government and state governments after regular settlement in the month of February, 2020 is ₹ 43,155 crore for CGST and ₹ 43,901 crore for the SGST
NEW DELHI :
The government has collected ₹1.05 lakh crore as GST revenue in February, up 8% over the same month last year. This is the fourth consecutive month when the government mopped up GST collection above ₹1 lakh crore mark.
The collection from Goods and Services Tax (GST) in February was, however, lower than the ₹1.10 lakh crore collected in January 2020.
"The gross GST revenue collected in the month of February, 2020 is ₹1,05,366 crore of which CGST is ₹20,569 crore, SGST is ₹27,348 crore, IGST is ₹48,503 crore and Cess is ₹8,947 crore," the finance ministry said in a statement.
The total number of GSTR 3B returns filed for the month of January up to February 29 stood at 83 lakh -- same as last month.
The government has settled ₹22,586 crore to CGST and ₹16,553 crore to SGST from IGST as regular settlement.
"The total revenue earned by Central Government and the State Governments after regular settlement in the month of February, 2020 is ₹43,155 crore for CGST and ₹43,901 crore for the SGST," the statement added.
The GST revenues during the month of February from domestic transactions has shown a growth of 12% over the same month last year.
"Taking into account the GST collected from import of goods, the total revenue during February, 2020 has increased by 8 per cent in comparison to the revenue during February, 2019," the statement said.
During this month, the GST on import of goods has shown a negative growth of (-) 2 per cent as compared to February 2019, it added.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.