GST Revenue Collection: Feb 2020

Published on March 01, 2020
Current context: The gross GST revenue collected in the month of February 2020 is Rs 1,05,366 crore.
GST Revenue Collection: Feb 2020
  • The sectional distribution of the GST revenue of February 2020 is:
    1. CGST is Rs 20,569crore
    2. SGST is Rs 27,348crore
    3. IGST is Rs 48,503crore (including Rs 20,745crore collected on imports)
    4. Cess is Rs 8,947 crore (including Rs 1,040crore collected on imports)
  • The total number of GSTR 3B Returns filed up to 29th February 2020 is 83.53lakh.
  • The government has settled Rs 22,586 crore to CGST and Rs 16,553 crore to SGST from IGST as regular settlement.
  • With this, the total revenue earned by the Central Government and the State Governments after the regular settlement is Rs 43,155 crore for CGST and Rs 43,901 crore for the SGST.
  • A growth of 12% is observed in the GST revenue from the domestic transactions in Feb 2020 over the revenue during the month of February 2019.
  • GST collected from import of goods increased by 8% in comparison to the revenue during February 2019.

Question: 

Q.1 The Gross GST revenue collected in the month of February, 2020 is ________________?
a. Rs 1,05,366 crore
b. Rs 1,33, 498 crore
c. Rs 1,12,541 crore
d. Rs 1,50,798 crore

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