Rs. 86,449 crore of gross GST revenue collected in August

The gross GST revenue collected in August was Rs. 86,449 crore of which CGST was Rs. 15,906 crore, SGST was Rs. 21,064 crore, IGST was Rs. 42,264 crore (including Rs. 19,179 crore collected on import of goods) while the Cess collected was Rs.7,215 crore (including Rs. 673 crore collected on import of goods), a Ministry of Finance statement said on Tuesday.

The government has settled Rs. 18,216 crore to CGST and Rs. 14,650 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 August, 2020 is Rs. 34,122 crore for CGST and Rs. 35,714 crore for the SGST.

The revenues for the month are 88% of the GST revenues in the same month last year. During the month, the revenues from import of goods were 77% and the revenues from domestic transaction (including import of services) were 92% of the revenues from these sources during the same month last year. It may also be noted that the taxpayers with turnover less than Rs. 5 crore continue to enjoy relaxation in filing of returns till September.

The chart shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of August 2020 as compared to August 2019 and for the full year, the statement added.