GST mopup at 1.05 L cr in February

Labour ministry keen to retain 8.65% EPF rate

The labour ministry is keen to retain 8.65 per cent interest rate on provident fund deposits, a source said. The Central Board of Trustees of the Employees' Provident Fund Organisation is likely to consider the rate of interest on Employees' Provident Fund deposits in its March 5 meeting. The agenda for the CBT meeting has not yet been finalised and the rate will be fixed on the basis of EPFO's income projections for FY20.

New Delhi, March 1: The government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year.

The collection from goods and services tax in February was, however, lower than the Rs 1.10 lakh crore collected in January 2020.

"The gross GST revenue collected in the month of February, 2020 is Rs 1,05,366 crore of which CGST is Rs 20,569 crore, SGST is Rs 27,348 crore, IGST is Rs 48,503 crore and cess is Rs 8,947 crore," the finance ministry said in a statement.

The number of GSTR 3B returns filed for January up to February 29 stood at 83 lakh— same as last month.

The government has settled Rs 22,586 crore to CGST and Rs 16,553 crore to SGST from IGST as regular settlement.

"The total revenue earned by Central government and the state governments after regular settlement in the month of February, 2020 is Rs 43,155 crore for CGST and Rs 43,901 crore for the SGST," the statement added.

The GST revenues in February from domestic transactions has shown a growth of 12 per cent over the same month last year. —PTI