GST collections cross Rs 1 lakh crore in January: Finance Ministry

    GST collections have jumped to Rs 1 lakh crore in January from the Rs 94,726 crore collected in December, Finance Ministry said today. This has been a significant improvement over collection of Rs 94,725 crore during last month and Rs 89,825 crore during the same month last year. Final figures and details of collections for the entire month will be intimated on February 2, the ministry said in a statement. "This increase has been achieved despite various Tax Relief measures implemented by the GST Council to lower the tax burden on the consumers," the finance ministry said in a tweet. Read more...

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