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GST - Feb collections down from Jan, 2019 but up by 13%

Published: Mar 01, 2019

By TIOL News Service

NEW DELHI, MAR 01, 2019: THE GST revenue in the month of February has shrunk from a high of Rs 1.2 lakh crore in January to Rs 97247 Crore. As per the official Press Release, the CGST is Rs 17,626 crore, SGST is Rs 24,192 crore, IGST is Rs 46,953 crore (including Rs 21,384 crore collected on imports) and Cess is Rs 8,476 crore (including Rs 910 crore collected on imports). Total number of GSTR 3B Returns filed for the month of January up to 28th February, 2019 is Rs 73.48 lakh.

The Government has settled Rs 19,470 crore to CGST and Rs 15,747 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, 2019 is Rs 37,095 crore for CGST and Rs 39,939 crore for the SGST.

Revenue in February, 2018 was Rs 85,962 crore and the revenue during February, 2019 is a growth of 13.12% over the revenue in the same month last year.