Highest GST Revenue collected since GST Implementation
Finance Ministry has clarified that Rs 1,15, 174 crore has been collected as gross GST revenue in the month of December 2020. Which is 12 percent higher than the GST revenues in the same month last year. It is recorded at all time high since implementation of GST.
Out of GST revenue collected, 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.
Trends in GST collection (below):
New GST Rules for Input Tax Credit