GST collections have crossed Rs 1 lakh crore mark for the third month straight in January 2020. GST collection recorded in January 2020 is probably going to be between Rs 1.08 lakh crore to Rs 1.13 lakh crore. After the collections rose to over Rs 1 lakh crore in November, this is the third time that collections have swollen. Beforehand, the gross GST income gathered in December 2019 remained at Rs 1,03,184 crore, government information appeared. This was a 9% on-year bounce in goods and services tax collections as in December 2018, the GST collection remained at Rs 97,276 crore.

Out of Rs 1.03 lakh crore gathered a month ago, the CGST collection was at Rs 19,962 crore; SGST remained at Rs 26,792 crore; IGST was at Rs 48,099 crore and cess was at Rs 8,331 crore (including Rs 847 crore gathered on imports), an assertion by the goverment said. The collection were most elevated from Maharashtra among Indian states, trailed by Karnataka. However, even with collection more than one lakh crore throughout the previous three months, most of the states are still prone to miss the mark concerning their yearly focuses for GST collection.

Meanwhile, the goverment had fixed the Central Goods and Services Tax (GST) collection budget for monetary 2019-20 at Rs 6,63,343 crore. The goverment had accomplished portion of this objective by October 2019, Minister of State for Finance Anurag Singh Thakur had before said in the Lok Sabha, PTI announced. He added that the goverment figures deficit or overabundance in assortment of GST after fulfillment of the monetary year. The spending gauge for direct assessments for a similar financial is fixed at Rs 13,35,000 crore. The net assortment of direct charges remained at Rs 5,18,084 crore during April-October, 2019. "The activity for readiness of budget estimate for 2020-21 and updated gauges for 2019-20 is in progress. At this stage, it could be untimely to survey the modified gauge against the spending gauge for 2019-20 concerning charges," Anurag Singh Thakur said before.