India’s Sept GST Revenue rises to 1.17 lakh crore

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New Delhi : India’s gross GST revenue collected in the month of September 2021 has increased to Rs. 1,17,010 crore from 1.12 lakh crore in August, a Finance Ministry press release said.
Out of the 1.17 lakh crore, CGST is Rs. 20,578 crore, SGST is Rs. 26,767 crore, IGST is Rs. 60,911 crore (including Rs. 29,555 crore collected on import of goods) and Cess is Rs. 8,754 crore (including Rs. 623 crore collected on import of goods).
The revenues for the month of September 2021 are 23% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 30% higher and the revenues from domestic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year. The revenue for September 2020 was, in itself at a growth of 4% over the revenue of September 2019 of ₹ 91,916 crore.
The government has settled Rs. 28,812 crore to CGST and ₹ 24,140 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of September 2021 is ₹ 49,390 crore for CGST and ₹ 50,907 crore for the SGST.

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

 

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