FA, 2020 amendment increasing...
The gross GST revenue collected in the month of December 2020 rose to 1,15,174 crore, a record-breaking month-to-month high since the execution of the new assessment system, as indicated by Finance Ministry. The December figures, which are 12% higher than the GST incomes in the exact month a year ago, are in accordance with the new pattern of recovery in the GST incomes, the Finance Ministry added.
It is the 3rd time in the financial year 2020 that the GST incomes have been more than 1 lakh crore.
The GST incomes during December 2020 have been the most elevated since the introduction of GST and it is the first occasion when it has crossed 1.15 lakh crore.
The most noteworthy GST assortment till now was 1,13,866 crore in the period of April 2019. The incomes of April typically will, in general, be high since they relate to the profits of March, which denotes the finish of the financial year," the account service said.
The finance minister stated rising GST assortment to "consolidated impact of the fast monetary recuperation post-pandemic.
The overall GSTR-3B Returns petitioned from November to 31st December 2020 is 87 lakhs.
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