The Indian economy is on track now. GST collections for the third consecutive month amounted to Rs 1 lakh crore. According to data released by the Ministry of Finance, GST collection in December 2020 was Rs 1,15,174. The Goods and Services Tax (GST) collection figures for October stood at 1.05 trillion rupees. For the first time since February, GST collection figures crossed one trillion rupees in October and the second consecutive month in November. At the same time, in December, the figure crossed one trillion.
The collections were very much in this financial year
| Month |
GST collections in crores of rupees |
| January 2020 | 110000 |
| February 2020 | 105366 |
| March 2020 | 97,597 |
| April 2020 | 32,294 |
| May 2020 | 62,009 |
| June 2020 | 90,917 Rs |
| July 2020 | 87,422 |
| August 2020 | 86,449 |
| September 2020 | 95,480 |
| October 2020 | 1,05,155 |
| November 2020 | 1,04,963 |
| December 2020 | 1,15,174 |
Total GST revenue for the month of December 2020 was Rs 1,15,174 crore, CGST Rs 21,365 crore, SGST Rs 27,804 crore and IGST Rs 57,426 crore. And Cess 8,579 crore. (Rs 971 crore collected on imported goods).
Slight decline compared to October
Government goods and services tax (GST) collections rose to Rs 1.04 lakh crore in November. However, GST income figures are slightly lower compared to October. 1.05 lakh crore in October. GST collections in November were up 1.4 percent from the same month last year. GST collection stood at Rs 1,03,491 crore in November 2019.
Total GST revenue collected in December 2020 was Rs 1,15,174 crore. Of this, CGST is worth Rs 21,365 crore, SGST Rs 27,804 crore and IGST Rs 57,426 crore. And cess ₹ 8,579 crore. Of goods): Ministry of Finance pic.twitter.com/NwxfDGFqzg
– ANI (@ANI) January 1, 2021
The collection was affected by the corona
GST revenues for the fiscal year 2019-20 stood at Rs. However, GST revenues were affected by the lockdown imposed by the corona virus epidemic in the current financial year.
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