GST Collection: decline compared to January, yet it crossed 1 lakh crore in February for the 5th consecutive month

The central government has also received more than 1 lakh crore GST in February 2021.

The central government has also received more than 1 lakh crore GST in February 2021.

The 28-day February has also proved to be a good month for the central government in terms of raising revenue in the midst of the Corona crisis. For the last five months, the process of improvement in GST Revenue (GST Revenue) continues. The Finance Ministry said that for the fifth consecutive month, the GST Collection has crossed the Rs 1 lakh crore level.

New Delhi. February 2021 month of just 28 days has also been good for the central government in terms of revenue. During this time, the government has got success in raising Rs 1.13 lakh crore from Goods and Services Tax (GST Collection). In other words, the continuous third month GST collection has been more than 1.10 lakh crores. At the same time, the government has received more than 1 lakh crore GST for the fifth consecutive month. The government has achieved 7% higher GST collection during February 2021 as compared to the same month of the previous year.

9,525 crore rupees received from CES for central government
According to the Ministry of Finance, in February 2021, the government received Rs 21,092 crore as CGST, Rs 27,273 crore as SGST and Rs 55,253 crore under IGST. Of this, 24,382 crore rupees were received from the import of products and 9,525 crore rupees was received from CESS. For the past five months, the continuation of the increase in GST revenue continues. The Finance Ministry said that GST revenue has crossed the level of Rs 1 lakh crore for the fifth consecutive month.

read this also- Gold Price Today: Gold prices rise, still remains below 46 thousand, silver becomes expensive, see latest prices1,19,875 lakh crore GST was received in January 2021

The ministry said that in February 2021, the government received a GST collection of Rs 1,13,143 crore. At the same time, the GST revenue collection during January 2021 was Rs 1,19,875 lakh crore. In December 2020, the government received Rs 1,15,174 crore, while in November 2020 the figure was Rs 1,04,963 crore. For the first time in this financial year, the government received more than 1 lakh crore GST in October 2020. In October 2020, Rs 1,05,155 crore was received as GST. According to the Finance Ministry, this is a clear indication of the country’s rapid economic growth. GST collection has increased due to increase in economic activity.



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