CNBC-TV18: GST collections for the month of February 2020, recorded in March are near to Rs 1 lakh Cr

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As per the recent tweet of CNBC-TV18 sources says that the GST collections for the month of February, recorded in March are near Rs 1 lakh Cr.

Govt Officials say:-

  • GST collections for the month of February, recorded in March (as of today) at Rs 98,000 cr
  • GST Collections had started showing low receipts due to COVID-19 impact from early February. GST collections for Feb still under control, collections for March to be recorded in April will be worst impacted
  • CBIC trying to verify and at the earliest is releasing stuck refunds of MSME
  • Revenue Dept’s GST Collections target for February, to be recorded in March 2020 was Rs 1.25 lakh cr

Source: https://twitter.com/CNBCTV18Live/status/1244531998154080256

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