Good news for Modi government before budget, GST collection reached record level

new Delhi. The General Budget for the Financial Year 2021-22 (Budget 2021) will be presented in Parliament on Monday. Nirmala Sitharaman will present the Union Budget for the third time as Finance Minister. At the same time, just before the budget, a good news has come for the Modi government. In fact, a record GST collection of Rs 1.20 lakh crore has been made in January. The special thing is that this figure is the largest ever since GST (GST) was implemented.

The Finance Ministry on Sunday said that this is in line with the trend of GST revenue collection in the last five months. The GST collection in January 2021 is eight per cent higher than the year before.

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According to the data of the Finance Ministry, GST collection of Rs 1,19,847 crore has been done till 6 pm on 31 January. It has a CGST of Rs 21,923 crore and SGST of Rs 29,014 crore. At the same time, IGST is Rs 60,288 crore. From December to January 21, 90 lakh GSTR-3B returns have been filed. This figure may be higher due to the higher number of GST sales returns filed.

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Continuously fast recovery
It is worth noting that for the past few months, the GST collection figures are continuously showing a sharp recovery. The GST collection in December 2020 was Rs 1,15,174 crore. This was about 12 per cent more than in the month of December of 2019. The total GST collection stood at Rs 1,04,963 crore in November 2020.

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