GST collection is around ₹1.05 lakh in February 2020

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In February 2020, the government has collected ₹1.05 lakh crores as GST revenue. This collection has been raised by around 8% from February,2019. To be precise , the gross GST revenue collected in the month of February, 2020 is ₹1,05,366 crores of which CGST is ₹20,569 crores , SGST is ₹27,348 crore, IGST is ₹48,503 crore and Cess is ₹8,947 crores.

After the regular settlements , total revenue earned by Central Government and the State Governments in the month of February, 2020 is ₹43,155 crores for CGST and ₹43,901 crores for the SGST. The GST revenues for February, 2020 has shown a growth of 12% as compared to February,2019 while the GST on import of goods has shown a negative growth of 2% as compared to February 2019.

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