Govt nets Rs 1.1 lakh cr from GST in January

 Govt nets Rs 1.1 lakh cr from GST in January

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is second time since introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

The GST collection is in line with izmir sex shop the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.

During the month, GST revenue from domestic transactions has shown a growth of 12 percent over the revenue during January 2019, according to an official statement.

Taking into account the integrated goods and services tax (IGST) collected from imports of goods, the total revenue during January 2020 has increased by 8 percent in comparison to the revenue during January 2019, it said.

However, the IGST on import of goods has shown a negative growth of (-)3% as compared to January, 2019.

"The gross GST revenue collected January 2020 is Rs 1,10,828 crore, of which CGST is Rs 20,944 crore, SGST is Rs 28,224 crore, IGST is sex shop izmir Rs 53,013 crore (including Rs 23,481 crore collected on imports) and Cess is Rs 8,637 crore (including Rs 824 crore collected on imports)," it said.

The GST collection stood at Rs 1.02 lakh crore in January 2019, as per the official statement.