{"id":209425,"date":"2019-02-04T15:30:21","date_gmt":"2019-02-04T10:00:21","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=209425"},"modified":"2019-02-04T10:21:33","modified_gmt":"2019-02-04T04:51:33","slug":"gst-revenue-collections-for-the-month-of-january-2019-crosses-rupees-one-lakh-crore-mark","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/04\/gst-revenue-collections-for-the-month-of-january-2019-crosses-rupees-one-lakh-crore-mark\/","title":{"rendered":"GST Revenue Collections for the month of January 2019 crosses Rupees One Lakh Crore Mark"},"content":{"rendered":"<p style=\"text-align: justify;\">The total gross GST revenue collected in the month of January, 2019 is <strong>Rs 1,02,503 crore<\/strong> of which CGST is <strong>Rs<\/strong><strong> 17,763\u00a0<\/strong><strong>crore<\/strong>, SGST is <strong>Rs<\/strong><strong> 24,826 <\/strong><strong>crore<\/strong>, IGST is <strong>Rs<\/strong><strong> 51,225 <\/strong><strong>crore<\/strong> (including <strong>Rs<\/strong><strong> 24,065\u00a0<\/strong><strong>crore<\/strong> collected on imports) and Cess is <strong>Rs<\/strong><strong> 8,690 crore<\/strong> (including <strong>Rs<\/strong><strong> 902\u00a0<\/strong><strong>crore<\/strong> collected on imports). In FY 2018-2019, it is for the third time that GST Revenue collection has crossed One Lakh Crore. The total number of GSTR 3B Returns filed for the month of December up to 31<sup>st<\/sup> January, 2019 is <strong>73.3 lakh<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The government has settled Rs 18,344 crore to CGST and Rs 14,677 crore to SGST from IGST as the regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December, 2018 is <strong>Rs<\/strong><strong> 36,107 crore<\/strong> for CGST and <strong>Rs<\/strong><strong> 39,503 crore<\/strong> for the SGST.<\/p>\n<p style=\"text-align: justify;\">The collection in January 2019 is a significant increase from the collection of Rs 94,725 crore in December, which was a decline from Rs 97,637 crore in November and Rs 1,00,710 crore in October. January 2019 collections are 14% above the January 2018 collections of Rs 89,825 crore. This jump has been achieved despite various tax reductions having come into force that provided major relief to the consumers. The gross GST collections over the last three-month period has been 14% higher than the corresponding period last year.<\/p>\n<p style=\"text-align: right;\">Ministry of Finance<\/p>\n<p style=\"text-align: right;\">Press Release<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total gross GST revenue collected in the month of January, 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763\u00a0crore, <\/p>\n","protected":false},"author":8808,"featured_media":194173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[6241,33596,33595],"class_list":["post-209425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-gst","tag-january","tag-revenue-collections"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) 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While GDP growth at 6.3% in the second quarter of 2017-18 signalled turnaround of the economy, growth in the second half is likely to\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":209209,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/01\/interim-budget-2019-2020-major-highlights\/","url_meta":{"origin":209425,"position":1},"title":"Interim Budget 2019-2020 &#8212; Major Highlights","author":"Bhumika Indulia","date":"February 1, 2019","format":false,"excerpt":"The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal\u00a0in Parliament today are as follows: \u00a0New Announcements Farmers 12 crore small and marginal farmers to be provided with an assured yearly income of Rs. 6000 per annum\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":219101,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/03\/cabinet-approves-infusion-of-capital-by-government-in-idbi-bank\/","url_meta":{"origin":209425,"position":2},"title":"Cabinet approves infusion of capital by Government in IDBI Bank","author":"Bhumika Indulia","date":"September 3, 2019","format":false,"excerpt":"Union Cabinet has\u00a0approved the Infusion of Rs 4,557 crore by Government in IDBI Bank. It will help in completing the process of IDBI Bank\u2019s turnaround and enable it to return to profitability and normal lending, and giving Government the option of recovering its investment at an opportune time. IDBI Bank\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245296,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/10\/gst-e-invoicing-turnover-limit-reduced-to-rs-50-crores\/","url_meta":{"origin":209425,"position":3},"title":"GST e-invoicing turnover limit reduced to Rs 50 Crores","author":"Bhumika Indulia","date":"March 10, 2021","format":false,"excerpt":"The Government, on the recommendations of the Council, made amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13\/2020 \u2013 Central Tax, dated the 21st March, 2020. The amendment modifies the turnover limit from one hundred crore to \u201cfifty crore rupees\u201d\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":237356,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/10\/12\/finance-minister-announces-measures-of-rs-73000-crore-to-stimulate-consumer-spending-in-economy-to-fight-slow-down-due-to-covid-19\/","url_meta":{"origin":209425,"position":4},"title":"Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending in economy to fight slow down due to COVID-19","author":"Bhumika Indulia","date":"October 12, 2020","format":false,"excerpt":"The proposals presented today by the Finance Minister are designed to stimulate spending in a fiscally prudent manner as some of the proposals are for advancing or front-loading of expenditure with offsetting changes later while others are directly linked to increase in GDP. The present announcement by Sitharaman highlights the\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":230873,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/06\/13\/40th-gst-council-recommendations-related-to-law-and-procedure\/","url_meta":{"origin":209425,"position":5},"title":"40th GST Council recommendations related to Law and Procedure","author":"Bhumika Indulia","date":"June 13, 2020","format":false,"excerpt":"The GST Council has made the following recommendations on Law & Procedures changes. 1. Measures for Trade facilitation: a. 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