- From March to September, GST collection was seen below one lakh crore rupees
- The government earned more than one lakh rupees in the form of GST collection in October
GST collection crossed Rs 1 lakh crore after February 2020
new Delhi. After opening the lockdown, there are signs of improvement in the country’s economic condition and economy. The biggest example has just come to light when the government has released the GST collection figures. Since February, the GST collection in the country has crossed Rs 1 lakh crore. From March to September, the GST collection had fallen below one lakh crore rupees. Due to which the government was facing a lot of problems. Come, let us also tell you what kind of data has been presented by the government.
This figure was seen after February
After lockdalon, with the return of the economy slowly, revenue collection has also increased. The GST collection in October this year reached Rs 105155 lakh crore, which is 10 per cent more than the revenue collected in the same month of the previous year. While the last GST figure of 1 lakh crore was seen in February. During that time, the government received GST collection of Rs 1,05,366 crore. During that time, from November 2019 to February 2020, GST was seen at more than one lakh crore rupees.
Data released by Ministry of Finance
GST revenue collection stood at Rs 1,0,5155 crore in October 2020.
– CGST 19193 crores was seen.
– SGST stood at Rs 25411 crore.
– IGST 52540 crores received.
– 8011 crores received as compensation cess.
23375 crores received in IGST by collecting taxes on imported goods.
932 crore was received in the compensation cess in the form of tax collected on imported goods.
As of 31 October, 80 lakh taxpayers have filed GSTR 3B returns.
– Government transferred 25091 crores out of IGST revenue to CGST.
– 19427 crores was transferred to SGST.
– In October, the central government has received Rs 44285 crore and states have got Rs 44839 crore.
How to increase GST collection in 8 months
|Month||GST Collection (in Crores)|