Rs 1,05,366 cr. gross GST revenue collected in February,2020

Speed Post News Network

New Delhi : The gross GST revenue collected in the month of February, 2020, was Rs 1,05,366 crore of which CGST was Rs 20,569crore, SGST was Rs 27,348crore, IGST was Rs 48,503 crore (including Rs 20,745crore collected on imports) and Cess was 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 February 29, 2020, was 83.53lakh.

The government has settled Rs 22,586 crore to CGST and Rs 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 Rs 43,155 crore for CGST and Rs 43,901 crore for the SGST.

The GST revenues during the month of February, 2020, from domestic transactions has 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, according to a PIB release.