The Goods and Services Tax collections for January 2021 was a record high of Rs 1,19,847 crore, the Ministry of Finance said on Sunday, a ...
The Goods and Services Tax collections for January 2021 was a record high of Rs 1,19,847 crore, the Ministry of Finance said on Sunday, a day before it unveiled the country’s Union budget. The highest monthly GST collections before this was in December last year at Rs 1,15,174 crore.
The collections, which were 8% higher as compared to the same month last year, was in line with the recent trend of recovery in GST revenues, the finance ministry said in a statement.
The Central GST collections came at Rs 21,923 crore, while those under the heads of State GST and Integrated GST stood at Rs 29,014 crore and Rs 60,288 crore, respectively. The Cess was Rs 8,622 crore, and the total number of GSTR-3B Returns filed was 90 lakh.
✅GST Revenue collection for January 2021 almost touches ₹1.20 lakh crore
— Ministry of Finance (@FinMinIndia) January 31, 2021
✅Revenues for month of January 2021 are 8% higher than GST revenues in same month last year
✅GST revenues during January 2021 are the highest since introduction of GST
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During the month, revenue from the import of goods was 16% higher and the revenues from domestic transactions (including import of services) were 6% than the revenues from these sources during the same month last year, the finance ministry...
