Central and state governments collected ?1.05 trillion in Goods and Services Tax (GST) revenue in February, a tad lower than the ?1.1 trillion mopped up in the previous month, official data showed. Collections in February represents an 8.3% growth over receipts in the same time a year ago.
This is the fourth consecutive month of GST receipts remaining above the ?1 trillion mark this financial year after collections had shown a contraction in October and November from the comparable period a year ago. The improvement in GST receipts comes in the wake of efforts by Central and state government officials to step up compliance.
An official statement from the finance ministry said that 8.3 million monthly summary GST returns have been filed for the month of January, upto 29 February. Tax collections in February refers to transactions in January.