SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GST collections slip below Rs 1 lakh crore mark to Rs 97,247 crore in February

05 Mar 2019 Evaluate

The Finance Ministry has stated that Goods and Services Tax (GST) collections slipped below Rs 1 lakh crore mark to Rs 97,247 crore in the month of February from Rs 1.02 lakh crore in the previous month. The number of sales return or GSTR-3B filed for the month of January up to February 28, 2019 is 73.48 lakh. For the current fiscal year, GST collections till February touched to Rs 10.70 lakh crore.

The Ministry said the total gross GST revenue collected in February 2019 is Rs 97,247 crore of which Central GST (CGST) is Rs 17,626 crore, State GST (SGST) is Rs 24,192 crore, Integrated GST (IGST) is Rs 46,953 crore and Cess is Rs 8,476 crore.

Meanwhile, for the current financial year, the Centre has lowered the GST collection target to Rs 11.47 lakh crore in the revised estimates, from Rs 13.71 lakh crore budgeted initially. For the next fiscal 2019-20, the government has pegged GST collection target at Rs 13.71 lakh crore.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: