January GST collection at nearly Rs 1.2 lakh cr

New Delhi, Jan 31 : The gross GST revenue collected in January 2021 reached a record level of Rs 1,19,847 crore.
Out of the total GST collection, CGST was Rs 21,923 crore, SGST was Rs 29,014 crore, IGST was Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and cess was Rs 8,622 crore (including Rs 883 crore collected on import of goods), a Finance Ministry statement said.
The total number of GSTR-3B returns filed for the month of December up to January 31, 2021 was 90 lakh.
The government has settled Rs 24,531 crore to CGST and Rs 19,371 crore to SGST from IGST as regular settlement. The total revenue earned by Central government and the state governments after regular settlement in the month of January 2021 was Rs 46,454 crore for CGST and Rs 48,385 crore for the SGST.
In line with the trend of recovery in the GST revenues over past five months, the revenues for the month of January 2021 are 8 per cent higher than the GST revenues in the same month last year, which in itself was more than Rs 1.1 lakh crore.
During the month, revenue from import of goods was 16 per cent higher and the revenue from domestic transaction (including import of services) was 6 per cent higher than the revenue from these sources during the same month last year.