GST Revenue collection rises to Rs 1,05,366 crore in February 2020

    83.53 lakh GSTR 3B Returns filed for the month of January up to 29 February 2020. The gross GST revenue collected in the month of February 2020 is Rs 1,05,366 crore of which CGST is Rs 20,569 crore, SGST is Rs 27,348 crore, IGST is Rs 48,503 crore (including Rs 20,745 crore collected on imports) and Cess is Rs 8,947 crore (including Rs 1,040 crore collected on imports). The total number of GSTR 3B Returns filed for the month of January up to 29 February 2020 is 83.53 lakh.

    The government has settled Rs 22586 crore to CGST and Rs 16553 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 Rs 43155 crore for CGST and Rs 43901 crore for the SGST.

    The GST revenues during the month of February 2020 from domestic transactions have shown a growth of 12% over the revenue during the month of February 2019. Taking into account the GST collected from import of goods, the total revenue during February 2020 has increased by 8% in comparison to the revenue during February 2019. During this month, the GST on import of goods has shown a negative growth of (-) 2% as compared to February 2019.

    Source- Business Standard.

The post GST Revenue collection rises to Rs 1,05,366 crore in February 2020 appeared first on GST Station.



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