Dynamite News GST mop-up rises to Rs 1.02 lakh cr in January
GST collections in January rose to Rs 1.02 lakh crore -- the second highest monthly mop-up after April, the finance ministry said Saturday.
New Delhi: GST collections in January rose to Rs 1.02 lakh crore -- the second highest monthly mop-up after April, the finance ministry said Saturday.
This is a significant increase from the collection of Rs 94,725 crore in December 2018, and 14 per cent higher than January 2018 collection of Rs 89,825 crore.
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The total number of sales return or GSTR-3B filed for the month of December up to January 31, 2019 is 73.3 lakh.
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"The total gross GST revenue collected in January 2019 is Rs 1,02,503 crore of which Central GST is Rs 17,763 crore, State GST (SGST) is Rs 24,826 crore, Integrated GST (IGST) is Rs 51,225 crore and Cess is Rs 8,690 crore," the ministry said in a statement.
This is the third time in current fiscal that revenues from Goods and Services Tax (GST) have crossed Rs 1 lakh crore mark. In April and October too, the collections surpassed this milestone. (PTI)