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September GST collection 23 per cent higher than last year

Finance ministry says economy is recovering at a fast pace

CAG conducting performance audit of GST, report likely soon Representational Image

The gross GST revenue collected in September 2021 stood at ₹1.17 lakh crore, which is 23 per cent higher than the same month last year. The revenue has also increased marginally from August.

The finance ministry said the economy was recovering at a fast pace.

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

This government said the enhanced GST collections can be attributed to economic growth coupled with anti-evasion activities, especially action against fake billers.

“It is expected that the positive trend in the revenues will continue and the second half of the year will post higher revenues,” the ministry said.

During September, the revenues from import of goods were 30 per cent higher and the revenues from domestic transactions (including import of services) are 20 per cent 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 per cent over the revenue of September 2019 of ₹91,916 crore.

Of the total ₹1.17 lakh crore GST collections, CGST is ₹20,578 crore, SGST is ₹26,767 crore, IGST is ₹60,911 crore (including ₹29,555 crore collected on import of goods) and Cess is ₹8,754 crore (including ₹623 crore collected on import of goods).

The finance ministry said it has settled ₹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.


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