New Delhi, Nov 01: The gross GST revenue collected in the month of October, 2020 is Rs. 1,05,155 crore of which CGST is Rs. 19,193 crore, SGST is Rs. 25,411 crore, IGST is Rs. 52,540 crore (including Rs. 23375crore collected on import of goods) and Cess is Rs. 8,011crore (including Rs.932 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31stOctober, 2020 is 80 lakh.
The government has settled Rs. 25,091 crore to CGST and Rs. 19,427 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 October, 2020 is Rs. 44,285 crore for CGST and Rs. 44,839 crore for the SGST.
The revenues for the month are 10% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was9% higher and the revenues from domestic transaction are 11% higher that the revenues from these sources during the same month last year.
The growth in GST revenue as compared to that in months of July, August and September, 2020 of -14%, -8% and 5% respectively clearly shows the trajectory of recovery of the economy and, correspondingly, of the revenues.
Coming to Meghalaya, the GST collection in the month of October 2020 is 117% compared to the month of October 2019 the collection of GST is only 113% this sow that there is an increased by 4% in GST collection in the state of Meghalaya.
