Economy

GST collections remain subdued at ₹ 95,380 crore in October

gst,Goods and Services Tax

gst,Goods and Services Tax

The Goods and Services Tax (GST) collection in October declined to ₹ 95,380 crore, as against ₹ 1,00,710 crore in the same month a year ago, as per government data released on Friday.

This is the third consecutive month when GST mop-up remained below the ₹ 1 lakh crore mark, despite October being a festive month.

  The revenue collection in September stood at ₹ 91,916 crore.

“The gross GST revenue collected in the month of October, 2019 is ₹ 95,380 crore of which CGST is ₹ 17,582 crore, SGST is ₹ 23,674 crore, IGST is ₹ 46,517 crore (including ₹ 21,446 crore collected on imports) and Cess is ₹ 7,607 crore (including ₹ 774 crore collected on imports),” the finance ministry said in a statement.

It further said the total number of GSTR 3B returns (summary of self-assessed return) filed for the month of September (up to October 30) was 73.83 lakh.


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Printable version | Aug 8, 2022 4:27:08 am | https://www.thehindu.com/business/Economy/gst-collections-remain-subdued-at-95380-crore-in-october/article29853852.ece