New Delhi sources reported that the collection had marginally slipped in January to Rs 86,318 crore from Rs 86,703 crore in December. The Finance Ministry said in a statement that "The total revenue received under GST for February 2018 (received up to March 26) has been Rs 85,174 crore". Meanwhile it added that 59.51 lakh GST returns were filed for February till March 25.



As per report "This is 69% of total taxpayers which are required to file monthly returns". Meanwhile of the Rs 85,174 crore, Rs 14,945 crore has been collected as Central GST (CGST), Rs 20,456 crore as State GST (SGST), Rs 42,456 crore as Integrated GST (IGST) and Rs 7,317 crore compensation cess.

Image result for Revenue collection under GST fell in February by Rs 1,144 crore to Rs 85,174 crore

Further it Ministry said "Thus, a total amount of Rs 25,564 crores is being transferred from IGST to CGST and SGST account by way of settlement". Moreover before picking up in December to touch Rs 86,703 crore, the revenue collection had fallen for two consecutive months from over Rs 92,000 crore in September to Rs 83,346 crore in October and Rs 80,808 crore in November. Accordingly the GST collection for July was over Rs 95,000 crore while for August it was more than Rs 91,000 crore.

Image result for Revenue collection under GST fell in February by Rs 1,144 crore to Rs 85,174 crore

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