Marginal dip in February GST numbers, collection up to March 26 at Rs 85,174 crore

    The goods and services tax (GST) collections dipped marginally for February to Rs 85,174 crore, with only 69% filing returns as on March 26. The collection for January was Rs 88,929 crore at the last count. The last date for filing GST returns is 20th of the successive months, but a significant number are still not filing by then. The total number of those registered for GST is now 1.05 crore. The total collection for January was Rs 86,314 as on February 25, with only 69% filing returns. This suggests a similar rise in collections for February when more returns are filed. GST collections had hit a peak of Rs 95,132 crore for September. “Around 59.51 lakh GSTR 3B returns were filed for the month of February till March 25. This is 69% of total taxpayers who are required to file monthly returns,” the finance ministry said in a statement. Read More...

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