देश
GST collections at record-high of over Rs 1.15 lakh crore in December 2020
GST collections touched a record-high of over Rs 1.15 lakh crore in December 2020 since the new tax system was implemented. This also shows that the economy continues to reflate after a strict lockdown.
“The gross GST revenue collected in the month of December 2020 is Rs 1,15,174 crore of which CGST is Rs 21,365 crore, SGST is Rs 27,804 crore, IGST is Rs 57,426 crore (including Rs 27,050 crore collected on import of goods) and Cess is Rs 8,579 crore (including Rs 971 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 31st December 2020 is 87 lakhs,” according to the Finance Ministry statement.
The ministry said that the continued rise in the Goods and Services Tax (GST) mop-up, which has crossed the psychological Rs 1 lakh crore-mark for the third straight month in the current fiscal, is due to the combined effect of rapid economic recovery post-pandemic and the drive against GST evaders.
The gross GST revenue collected in the month of December 2020 was Rs 1,15,174 crore, 12 per cent higher than over Rs 1.03 lakh crore collected in December 2019. For the month of November up to December 31, 2020, 87 lakh, GSTR-3B returns were filed.
