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GST collections up 8% in Feb

GST collections up 8% in Feb

New Delhi: The government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year.

The collection from Goods and Services Tax (GST) in February was, however, lower than the Rs 1.10 lakh crore collected in January 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 and Cess is Rs 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 Rs 22,586 crore to CGST and Rs 16,553 crore to SGST from IGST as regular settlement.

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