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Government collects over Rs 1.04 lakh crore GST revenue in October – Times of India

NEW DELHI: The goods and services tax (GST) collections for the month of November stood at Rs 1,04,963 crore — 1.4 per cent higher than the revenues in the same period last fiscal, ministry of finance said in an official release on Tuesday.

The gross

GST revenue

collected in the month of November, 2020 is Rs 1,04,963 crore of which CGST (central goods ans services tax) is Rs 19,189 crore, SGST (state goods and services tax) is Rs 25,540 crore, IGST (integrated goods and services tax) is Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and cess is Rs 8,242 crore (including Rs 809 crore collected on import of goods), the statement said.

While, the total number of GSTR-3B returns filed rose from 80 lakh in October to 82 lakh till November 30.

During the month, revenues from import of goods was 4.9 per cent higher and the revenues from domestic transaction (including import of services) were 0.5 per cent higher than the revenues from these sources during the same month last year.

GST collection had crossed the Rs 1 lakh crore mark — at Rs 1.05 lakh crore — in October for the first time in eight months.

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