Collections of Goods and Services Tax surged in January, crossing the ₹1.1 lakh crore mark for only the second time since the GST regime began.
Gross GST revenue for January 2020 stood at ₹1,10,828 crore, according to an official statement on Saturday. This is the second highest monthly GST revenue, second only to the April 2019 revenue. This was also an 8% rise from the GST revenue collected a year ago, in January 2019. If only domestic transactions are taken into account, GST revenues showed a growth of 12%.
Of the total, ₹20,944 crore came from CGST, ₹28,224 crore from SGST, ₹53,013 crore from IGST (including ₹23,481 crore collected on imports), and a cess of ₹8,637 crore (including ₹824 crore collected on imports).
The total revenue earned by Central Government and the State Governments after regular settlement in January is ₹45,674 crore for CGST and ₹46,433 crore for the SGST.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
Please Email the Editor