GST collection rises 7% to Rs 1.13 lakh crore in February

New Delhi, Mar 01: The gross GST revenue collected in the month of February 2021 is Rs 1.13 trillion, revealed the government data on Monday.

Of the total gross collection, CGST is Rs 21,092 crore, SGST is Rs 27,273 crore, IGST is Rs 55,253 crore (including Rs 24,382 crore collected on import of goods) and Cess is Rs 9,525 crore (including Rs 660 crore collected on import of goods).

The collection is, however, lower than the record Rs 1,19,875 crore collected in the previous month.

"In line with the trend of recovery in the GST revenues over past five months, the revenues for the month of February 2021 are 7 per cent higher than the GST revenues in the same month last year.

"During the month, revenues from import of goods were 15 per cent higher and the revenues from the domestic transaction (including import of services) are 5 per cent higher than the revenues from these sources during the same month last year," the ministry said in a statement.