GST collections in February dropped to Rs.97,247 crore from Rs.1.02 lakh crore in the previous month. However, compliance improved and the number of sales return or GSTR-3B filed for the month of February, 2019 stood at 73.5 lakh. This is higher than 73.3 lakh returns filed in the comparable period earlier.
“The total gross GST revenue collected in February 2019 is Rs.97,247 crore of which Central GST is Rs.17,626 crore, State GST (SGST) is Rs.24,192 crore, Integrated GST (IGST) is Rs.46,953 crore and Cess is Rs.8,476 crore,” the ministry said in a statement.
The GST collection for February, 2019, is 13.1% higher than Rs.85,962 crore mopped-up in February, 2018. The government has settled Rs.19,470 crore to CGST and Rs.15,747 crore to SGST from IGST as regular settlement.
The total revenue earned by the Centre and state governments after regular settlement in February is Rs.37,095 crore for CGST and Rs.39,939 crore for SGST. Tax experts attributed the reason for dip in GST mop-up figures for February to the reduction in tax rates on 23 goods and services, including movie tickets, TV, power banks and monitor screen, with effect from January 1.