Photo: PTI
Photo: PTI

GST collection drops to 97,247 crore in February

  • Govt has lowered the GST collection target for current fiscal to 11.47 lakh crore 
  •  For the next fiscal 2019-20, the GST collection target has been budgeted at 13.71 lakh crore

GST collections in February dropped to 97,247 crore in February from 1.02 lakh crore in the previous month, the Finance Ministry said Friday.

The number of sales return or GSTR-3B filed for the month of January up to February 28, 2019 is 73.48 lakh. "The total gross GST revenue collected in February 2019 is 97,247 crore of which Central GST is 17,626 crore, State GST (SGST) is 24,192 crore, Integrated GST (IGST) is 46,953 crore and Cess is 8,476 crore," the ministry said in a statement. Goods and Services Tax (GST) collections in the current fiscal till February totalled 10.70 lakh crore.

The government has lowered the GST collection target for current fiscal to 11.47 lakh crore in the Revised Estimates, from 13.71 lakh crore budgeted initially. For the next fiscal 2019-20, the GST collection target has been budgeted at 13.71 lakh crore.

This story has been published from a wire agency feed without modifications to the text.

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