Sunday, April 11, 2021

Lakhs of crores crossed in February too ..

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Must Read

GST collection is Rs 1.13 lakh crore

New Delhi: GST collection for the third consecutive month in February crossed Rs 1.1 lakh crore. GST collection stood at Rs 1.13 lakh crore last month. The government released the figures on Monday. Of the total GST collection, the central GST is Rs 21,092 crore, the state GST Rs 27,273 crore and the combined GST Rs 55,253 crore. Yet other taxes are Rs. 9,525 crore (including tax on imports of Rs. 660 crore). As usual, the government has settled the central GST of Rs 22,398 crore and the state GST of Rs 17,534 crore from the joint GST. In addition, the Center has settled a joint GST of Rs. 48,000 crore between the Center and the States / Union Territories in the ratio of 50:50.

GST revenues have seen progress over the past five months. GST revenue for the month of February 2021 increased by 7% compared to last year. Revenue from goods imports grew by 15 per cent, while revenue from domestic transactions grew by 5 per cent. For the fifth month in a row, GST revenue crossed Rs 1.1 lakh crore, crossing the Rs 1.1 lakh crore mark for the third consecutive month. Revenue has dropped significantly since March last year due to the corona epidemic. However, there has been a growth in GST collection since October 2020. The government says this is a clear sign of economic progress and is the result of a number of reforms undertaken by the government.

GST collections crossed the Rs.1 lakh cr in February

Previous articleThe wife who beat her husband to death

Facebook
Twitter
Pinterest
WhatsApp
Telegram

Latest News

A surprise about the pornography of “Jeff Bezos,” owner of Amazon, after Mohammed bin Salman was accused of hacking his phone

The American newspaper "The Wrap" reported that the former husband of the mistress of the Amazon owner, Jeff Bezos,...

More Articles Like This

spot_img