GST collection in February

Why is it in the news ?
  • As per the official data, GST collections in February dropped to Rs 97,247 crore in February from ₹1.02 lakh crore in the previous month.
More in the news
    • The total gross GST revenue collected in February 2019 is ₹97,247 crore of which:
      1. Central GST is ₹17,626 crore.
      2. State GST (SGST) is ₹24,192 crore.
      3. Integrated GST (IGST) is ₹46,953 crore.
      4. Cess is ₹8,476 crore.
    • Goods and Services Tax (GST) collections in the current fiscal till February totalled₹10.70 lakh crore.
    • Goods and Services Tax (GST) collections in the current fiscal till February totalled Rs 10.70 lakh crore. 
    • The government has lowered the GST collection target for current fiscal to Rs 11.47 lakh crore in the Revised Estimates, from Rs 13.71 lakh crore budgeted initially. 
Source
Indian Express.




Posted by Jawwad Kazi on 2nd Mar 2019
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