GST Revenue collection for February 2021
GST
Dated:- 1-3-2021
GST Revenue collection for February 2021
₹ 1,13,143 crore gross GST revenue collected in the month
Revenues for the month of February 2021 , 7% higher than the GST revenues in the same month last year
The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, SGST is ₹ 27,273 crore, IGST is ₹ 55,253 crore (including ₹ 24,382 crore collected on import of goods) and Cess is ₹ 9,525 crore (including ₹ 660 crore collected on import of goods).
The government has settled ₹ 22,398 crore to CGST and ₹ 17,534 crore to SGST from IGST as regular settlement. I
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nues crossed ₹ 1 lakh fifth time in a row and crossed ₹ 1.1 lakh crore third time in a row post pandemic despite this being revenue collection of the month of February. This is a clear indication of the economic recovery and the impact of various measures taken by tax administration to improve compliance.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of February 2021 as compared to February 2020.
State-wise growth of GST Revenues during February 2021[1]
S. No.
State
Feb-20
Feb-21
Growth
1
Jammu and Kashmir
316.17
329.89
4%
2
Himachal Pradesh
620.69
663.12
7%
3
Punjab
1,228.94
1,299.37
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