GST collection of more than 1 lakh crore for the third consecutive month, 23% increase from last year
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The Goods and Services (GST) collection of the government has exceeded Rs 1 lakh crore for the third consecutive month. GST of more than Rs 1.17 lakh crore was collected in the month of September. This year GST collection has increased by 23 percent as compared to last year. In September last year, a GST collection of Rs 95,480 crore was made. On the other hand, if we see since the attack of Corona in 2019, then it has increased by 27 percent. In September 2019, GST collection of Rs 91,916 crore was done.
Crosses one lakh crore for the third consecutive month
The Finance Ministry said that the gross GST revenue in September 2021 stood at Rs 1,17,010 crore. This includes Rs 20,578 crore of Central GST, Rs 26,767 crore of State GST, Rs 60,911 crore of Integrated GST (including Rs 29,555 crore collected on import of goods) and Rs 8,754 crore of Cess (including Rs 623 crore received on import of goods). Huh. India’s Goods and Services Tax (GST) collection in September remained above Rs 1 lakh crore for the third consecutive month.
23 percent increase compared to last year
The GST collection in September 2021 is 23 percent more than the revenue of September 2020 last year. Revenue from import of goods was 30 per cent higher during Tambara and revenue from domestic transactions (including import of services) was up 20 per cent compared to the same month last year.
There was a collection of Rs 1,12,020 crore in August
The GST collection in August 2021 before September was Rs 1,12,020 crore. Looking at these figures, you can understand that the economy which has been damaged due to Corona in India is now back on track.
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