Union Budget 2020 | 1,10,828 Cr GST Gross Revenue collected for January 2020

PIB News Update:The gross GST revenue collected in the month of January, 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crore collected on imports) and Cess is ₹ 8,637 crore (including ₹ 824 crore collected on imports). The total number of GSTR 3B Returns filed for the month of December up to 31^st January, 2020 is 83 lakh (prov).

The government has settled ₹ 24,730 crore to CGST and ₹ 18,199 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,2020 is ₹ 45,674 crore for CGST and ₹ 46,433 crore for the SGST.

The GST revenues during the month of January, 2020 from domestic transactions has shown an impressive growth of 12% over the revenue during the month of January, 2019. Taking into account the IGST collected from imports of goods, the total revenue during January, 2020 has increased by 8% in comparison to the revenue during January, 2019. During this month, the IGST on import of goods has shown a negative growth of (-) 3% as compared to January, 2019. This is only second time since introduction of GST that the monthly revenues have crossed ₹ 1.1 lakh crore and sixth time during the year it has crossed ₹ 1 lakh crore.

The chart shows trends in revenue during the current year. The table shows the state-wise figures of GST collected in each State during the month of January, 2020 as compared to January, 2019.

State-wise figures for the month of January, 2020