Rs. 1,13,143 crore gross GST revenue collected in February 2021



Quick Summary
Gross GST revenue for February 2021 reached £1,13,143 crore, marking a 7% rise compared to the same month in the previous year. This is the fifth consecutive month where GST collections have surpassed £1 lakh crore and the third time exceeding £1.1 lakh crore post-pandemic. The increase indicates economic recovery, with revenues from imported goods up 15% and domestic transactions up 5% year-on-year.

Revenues for the month of February 2021, 7% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of February 2021 is₹ 1,13,143 croreof which CGST is₹ 21,092 crore, SGST is₹ 27,273 crore, IGST is₹ 55,253 crore(including ₹ 24,382 crore collected on i
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

The gross GST revenue collected in February 2021 was £1,13,143 crore.

GST revenues in February 2021 were 7% higher than in February 2020.

CGST was £21,092 crore, SGST was £27,273 crore, IGST was £55,253 crore, and Cess was £9,525 crore.

Revenues from the import of goods were 15% higher, and revenues from domestic transactions were 5% higher compared to the same month last year.

The consistent rise in GST revenues suggests economic recovery and the effectiveness of measures taken to improve tax compliance.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Click here to Login and post comments    OR



More »


Popular News





CCI Pro



Follow