Items and providers tax assortment for February rose to its highest for the reason that nationwide levy was rolled out in July 2017.
The federal government’s assortment rose about 9.5 p.c month-on-month to Rs 1,06,577 crore for February, in line with the Ministry of Finance. It jumped 15.6 p.c from Rs 92,167 crore in the identical month in 2018. The mop-up crossed Rs 1 lakh crore the third time in 2018-19.
The whole variety of GSTR-3B returns filed for the month of February by March 31 elevated to 75.95 lakh from 73.four lakh returns filed for January and 73.three lakh returns filed for December.
The break-up of tax collected below the assorted heads was:
- Central GST: Rs 20,353 crore
- State GST: Rs 27,520 crore
- Built-in GST: Rs 50,418 crore (together with Rs 23,521 crore on imports)
- Compensation Cess: Rs 8,286 crore (together with Rs 891 crore on imports)
Built-in GST is settled between the states and the centre, based mostly on the consumption within the respective state. Put up settlement, CGST was Rs 47,614 crore and SGST stood at Rs 51,209 crore. Additional, Rs 20,000 crore was settled from the stability IGST accessible with the central authorities on provisional foundation within the 50:50 ratio between the centre and states.
For 2018-19, the federal government’s complete GST collections have been Rs 11.76 lakh crore until February as in opposition to the revised goal of Rs 11.47 lakh crore.