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GST revenue collection for September falls 19-Month low

GST revenue collection for September falls 19-Month low

India Blooms News Service | @indiablooms | 01 Oct 2019, 05:32 pm

New Delhi, Oct 1 (IBNS): The national Goods and Services Tax (GST) recorded the lowest revenue collection in 19 months since it was introduced in July 2017, government data released on Tuesday stated.

The total gross GST revenue collected in the month of September 2019 is ₹ 91,916 crore, which is a fall by 2.67 per cent from the last year's same period when the government collected Rs. 94,442 crore.

"The total gross GST revenue collected in the month of September 2019 is ₹ 91,916 crore of which CGST is ₹ 16,630 crore, SGST is ₹ 22,598 crore, IGST is   ₹ 45,069 crore (including ₹ 22,097 crore collected on imports) and Cess is ₹7,620 crore (including ₹ 728 crore collected on imports)," a Centre released statement claimed.

The total number of GSTR 3B Returns filed for the month of August up to 30th September 2019 is 75.94lakh.

The total revenue earned by Central Government and the State Governments after regular settlement in the month of September 2019 is ₹ 37,761 crores for CGST and ₹ 37,719 crores for the SGST.

The revenue during September 2019 is declined by 2.67% in comparison to the revenue during September 2018, the statement claimed

During April-September, 2019 vis-à-vis 2018, the domestic component has grown by 7.82% while the GST on imports has shown negative growth and the total collection has grown by 4.90%.