New Delhi: The EU Ministry of Finance announced on Sunday (31 January 2021) that gross GST revenues collected in January 2021 reached a record 1. 19 million Lakh rupees. He stated that GST’s revenue in January 2021 has been since the arrival of the GST and has almost reached the Rs 1. 2 lakh crore mark, surpassing the December 2020 record collection of 1. 15 crore lakh Rs.
The official says the gross GST gain collected from January 2021 to 6 p. m. on 31 January 1,19,847 crore was registered in Rs, of which CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424 crore collected in the import of goods) and Cess is Rs 8,622 crore (including 883 million rupees collected in the importation of goods).
The Ministry of Finance reported that the total number of GSTR-3B declarations filed for December to 31 January had been recorded in lakhs.
The government has liquidated 24,531 million rupees in the CGST and 19,371 rupees in IGST’s SMST as normal liquidation.
“The general source of revenue earned through the central government and state governments after a normal agreement in January 2021 is 46,454 million rupees for CGST and 48. 385 million rupees for sgST,” the Ministry of Finance said.
“In line with the trend of increasing GST revenue for more than five months, revenue for January 2021 is 8% higher than GST’s revenue for the same month last year, resulting in own income exceeding 1. 1 million rupees. the source of goods load revenue increased by 16%, and the source of income from domestic transactions (including the importation of services) was 6% higher than the source of income for those resources in the same month last year,” he added.
<< GST revenues above 1 crore lakh Rs over a four-month era and a strong upward trend during this era are transparent signs of an immediate economic recovery of the pandemic. multiple sources, the addition of GST, Customs pc and income tax systems and effective tax management have also contributed to the stable accumulation of tax revenues in recent months," the Ministry of Finance said.
The Department of Finance reported that the average year-over-year expansion in GST revenue in the first 4 months of the time of fiscal year is 8% compared to (-) 24% in the first part of the year.