GST Collections Surge To Rs 1.30 Lakh Crore In October
NDTV
The Goods and Services Tax (GST) mop-up for the month of October stood at over Rs 1.30 lakh crore, 24 per cent higher than the GST revenues in the same month last year.
New Delhi: The goods and services tax (GST) mop-up for the month of October stood at over Rs 1.30 lakh crore, 24 per cent higher than the GST revenues in the same month last year. In September, the gross GST collections stood at Rs 1,17,010 crore.
"The GST revenues for October have been the second-highest ever since introduction of GST, second only to that in April 2021," the Ministry of Finance stated in a release.
"The gross GST revenue collected in the month of October 2021 is Rs 1,30,127 crore of which CGST is Rs 23,861 crore, State GST is Rs 30,421 crore, Integrated GST is Rs 67,361 crore (including Rs 32,998 crore collected on import of goods) and Cess is Rs 8,484 crore (including Rs 699 crore collected on import of goods)," the Ministry said.
"The government has settled Rs 27,310 crore to Central GST and Rs 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlements in the month of October 2021 is Rs 51,171 crore for CGST and Rs 52,815 crore for the SGST," the release added.
