GST collection for Feb stands at Rs 89,264 crore

 SMTV Desk 2018-04-02 21:04:32  GST, collection, February, stands, Rs 89,264, crore, Rs 1,217 crore, month
GST collection for Feb stands at Rs 89,264 crore

New Delhi, April 2: Revenue collection under the Goods and Services Tax (GST) increased by Rs 1,217 crore in February to Rs 89,264 crore as per the month-end figures, Finance Secretary Hasmukh Adhia said on Monday.Last week, the Finance Ministry released initial figures of the GST collection for February which showed a decline in revenue by Rs 1,144 crore compared to January. The data then showed that February collection was Rs 85,174 crore.Adhia said the figures are usually released between the 24th and 26th of every month, but the end-month figures end up a few thousand crore rupees higher than the initial figures."GST collection for February (collected in March) stand at Rs 89,264 crore showing an upswing in revenue collection trends. Now we are approaching the Rs 90,000 crore mark," he said.As per the figures released by the government, the GST collection for January stood at Rs 88,047 crore. In December, it was Rs 88,929 crore.