GST collection crossed Rs 1 lakh cr in January: Government

Image
IANS New Delhi
Last Updated : Jan 31 2019 | 6:50 PM IST

Revenue collection under Goods and Services Tax (GST) for January crossed Rs 1 lakh crore on Thursday, the Finance Ministry said.

Total collection for the month of January last year was Rs 89,825 crore, the Ministry said in a tweet.

"The Gross GST Revenue collected in the month of January 2019 has today crossed Rs 1 lakh crore. There has been a significant improvement over collection of Rs 94,725 crore last month and Rs 89,825 crore during the same month last year," it said.

"This increase has been achieved despite various tax relief measures implemented by the GST Council to lower the tax burden on the consumers," said another tweet.

Final figures and details of collections for the entire month will be released on February 2, it said.

--IANS

rrb/nir

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 31 2019 | 6:42 PM IST

Next Story