New Delhi, Nov 1|| PIB

Synopsis
Gross GST revenue collected in October 2020 is Rs. 1,05,155crore of which CGST is Rs. 19,193 crore, SGST is Rs. 25,411 crore, IGST is Rs. 52,540 crore (including Rs. 23, 375 crore collected on import of goods) and Cess is Rs. 8,011crore (including Rs. 932 crore collected on import of goods).

Gross GST revenue collected in October 2020 is Rs. 1,05,155crore of which CGST is Rs. 19,193 crores, SGST is Rs. 25,411 crores, IGST is Rs. 52,540 crores (including Rs. 23, 375 crore collected on import of goods) and Cess is Rs. 8,011crore (including Rs. 932 crores collected on import of goods).

The total number of GSTR-3B Returns filed for the month of October up to 31stOctober, 2020 is 80 lakh.

The government has settled ₹ 25,091 crores to CGST and ₹ 19,427 crores 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 October 2020 is ₹ 44,285 crores for CGST and ₹ 44,839 crores for the SGST.

The revenues for the month are 10% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was9% higher and the revenues from the domestic transaction (including import of services) are11% higher than the revenues from these sources during the same month last year. The growth in GST revenue as compared to that in months of July, August and September 2020 of -14%, -8% and 5% respectively clearly shows the trajectory of recovery of the economy and, correspondingly, of the revenues.

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 October 2020 as compared to October 2019 and for the full year.

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Disclaimer:- This story has not been edited by Modern Shrines and is auto-generated from news agency feeds. Source: PIB