India GST Revenue up in September!
September, 2020 GST collected of ` 95,480 crore! The gross GST revenue collected in the month of September, 2020 is ` 95,480 crore of which CGST is ` 17,741 crore, SGST is ` 23,131 crore, IGST is ` 47,484 crore (including ` 22,442 crore collected on import of goods) and Cess is ` 7,124 crore (including ` 788 crore collected on import of goods). The government has settled ` 21,260 crore to CGST and ` 16,997 crore 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 September, 2020 is ` 39,001 crore for CGST and ` 40,128 crore for the SGST. The revenues for the month are 4% higher than the GST revenues in the same month last year. During the month, the revenues from import of goods were 102% and the revenues from domestic transaction (including import of services) were 105 % of the revenues from these sources during the same month last year. The chart shows trends in