The GST collection continues with a monthly recovery of more than Rs 1 lakh crore. Also in February this year, the GST collection stood at Rs 1,05,366 crore, which is 12 per cent more than the previous year. At the moment, February's collection saw a slight drop compared to January this year. 1,10,818 crore was recovered in January this year.
The monthly GST collection has been more than Rs 1 lakh crore since November last year, while according to the data released by the Finance Ministry, CGST's share of GST in the total collection of GST in February 2020 is Rs 20,569 crore, SGST's share is 27,348 crore and IGST. The stake stood at Rs 48,503 crore. 8,947 crore was recovered on account of Cess.
According to the ministry, 83 lakh GSTR 3B returns were filed for January till February 29, 2020. According to the data of the Finance Ministry, the GST to be recovered on import of goods in February this year was 8 percent as compared to the month of February last year. Was increased. Also, according to the ministry, Rs 22,586 crore has been settled on behalf of IGST and Rs 16,553 crore under CGST on behalf of the Central Government, along with this period after regular settlement of February 2020 to the Central Government as CGST. Revenue of Rs. 43,155 crores was received. The states received a revenue of Rs 43,901 crore during this period as SGST.
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