Team News Riveting
New Delhi, October 1
The gross GST revenue collected in the month of September 2020 is Rs 95,480 crore.
Of the GST collection, CGST is Rs 17,741 crore, SGST is Rs 23,131 crore, IGST is Rs 47,484 crore (including Rs 22,442 crore collected on import of goods) and Cess is Rs 7,124 crore (including Rs 788 crore collected on import of goods).
The ministry of finance spokesperson said the government had settled Rs 21,260 crore to CGST and Rs 16,997 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 September, 2020 is Rs 39,001 crore for CGST and Rs 40,128 crore for the SGST.
The revenues for the month are 4 per cent higher than the GST revenues in the same month last year. During the month, the revenues from import of goods were 102 per cent and the revenues from domestic transactions (including import of services) were 105 per cent of the revenues from these sources during the same month last year.
The chart shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of September 2020 as compared to September 2019 and for the full year.
Chhattisgarh has registered a growth of 24 per cent, collecting Rs 1841 crore as against previous year’s Rs 1490 collected in the month of September. Bihar’s GST collection was up by just 1 per cent. The state collected Rs 996 crore as compared to Rs 986 crore clocked in September 2019.
Kerala’s GST collection went up by 11 per cent to Rs 1552 crore during the month while Jharkhand collected Rs 1656 crore, up by 10 per cent as compared to September 2019. Madhya Pradesh registered a growth of 4 per cent and collected Rs 2176 crore.
