New Delhi: GST collections have crossed the Rs 1 lakh crore mark for the third month in a row in January with improved compliance and plugging of evasion, sources said on Friday. According to provisional numbers, total GST revenue was Rs 1.1 lakh crore in January, they said. Also Read - GST Collection Crosses Rs 1 Lakh Crore Mark This November: Finance Ministry
The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month. Also Read - GST Collection Falls 5.3% To Rs. 95,380 Crore In October
Domestic GST collection during the month so far is around Rs 86,453 crore while Rs 23,597 crore has been collected through IGST and cess collection.
The total collection of GST revenue in December has come at Rs 1.03 lakh crore. Going by the provisional numbers, growth in the domestic GST collection comes about to 11.5 per cent while the IGST on import of goods contracted by 6 per cent, sources said. Also Read - Bad News For Economy: GST Collection Falls To 19-Month Low In September
The number of GSTR 3B returns filed till Thursday was 82.8 lakh.
The government this month set an ambitious target of Rs 1.1 lakh crore monthly GST revenue for the remaining part of the current fiscal and asked taxmen to step up efforts to achieve the goal.
(With Agency Inputs)