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Govt Collects Rs 1,17,010 Cr GST Revenue In September

The revenues in September 2021 are 23 per cent higher than the GST revenues in the same month last year.

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The Union Ministry of Finance, on Friday, said that gross Goods and Services Tax (GST) revenue collected in September is Rs 1,17,010 crore of which CGST is Rs 20,578 crore, State Goods and Services Tax (SGST) is Rs. 6,767 crore, Integrated Goods and Services Tax (IGST) is Rs 60,911 crore and Cess is Rs 8,754 crore. 

According to the official press release, "The government has settled Rs 28,812 crore to CGST and Rs 24,140 crore to SGST from IGST as regular settlements. The total revenue of the Centre and the States after regular settlements in the month of September 2021 is Rs 49,390 crore for CGST and Rs 50,907 crore for the SGST."

The revenues in September 2021 are 23 per cent higher than the GST revenues in the same month last year. 

"During the month, revenues from import of goods were 30 per cent higher and the revenues from domestic transactions (including import of services) were 20 per cent higher than the revenues from these sources during the same month last year. The revenue for September 2020 was, in itself, a growth of 4 per cent over the revenue of September 2019 of Rs 91,916 crore," the ministry added. 

The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5 per cent higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year. 

"The Centre had also released GST compensation of Rs. 22,000 crore to States to meet their GST revenue gap," the ministry further added. 

 


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govt GST revenue finance ministry