Budget / TaxesCurrent Affairs

GST collection for February slips to Rs 97,247 crore

Bibliometric Details: Issue No: 2 | Issue Month:February | Issue Year:2020

The Goods and Services Tax (GST) collection dropped to ₹97,247 crore in February, slipping below the ₹1 lakh crore mark crossed in January. The decline came amidst the reduction in tax rates on 23 goods and services. The total number of GSTR 3B returns filed for the month of January up to February 28, 2019 is 73.48 lakh. GST collection for 2019-’20 fiscal has been budgeted at Rs 13.71 lakh crore.

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