GST collection drops to ₹ 97\,247 cr in February

Economy

GST collection drops to ₹ 97,247 cr in February

PTI New Delhi | Updated on March 01, 2019 Published on March 01, 2019

Lowers collection target for current fiscal to ₹ 11.47 lakh crore from ₹ 13.71 lakh crore budgeted initially

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

Published on March 01, 2019
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