Govt nets Rs 1.1 lakh cr from GST in Jan

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is second time since introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials. During the month, GST revenue from domestic transactions has shown a growth of 12 per cent over the revenue during January 2019, according to an official statement.

Taking into account the integrated goods and services tax (IGST) collected from imports of goods, the total revenue during January 2020 has increased by 8 per cent in comparison to the revenue during January 2019, it said.