02/03/2021
The high GST collection is a clear indication of the economic recovery and the impact of various measures taken by tax administration to improve compliance, the ministry said
Goods and service tax (GST) collections for February crossed βΉ1.1 lakh crore for the third consecutive month on the back of improve compliance and recovery in economic activities. "The gross GST revenue collected in the month of February 2021 is βΉ1,13,143 crore," finance ministry said in a statement on Monday. This was 7% increase over the same month a year ago.
Out of total GST revenue, "CGST is βΉ 21,092 crore, SGST is βΉ 27,273 crore, IGST is βΉ55,253 crore (including βΉ 24,382 crore collected on import of goods) and Cess is βΉ9,525 crore (including βΉ 660 crore collected on import of goods)," the statement read.