Money

GST collections at Rs 95,480 crore in September

By: PTI | New Delhi |

October 1, 2020 4:52:19 pm





The revenues for the month are 4 per cent greater than the whole GST assortment in the identical month final 12 months. (Photographer: Dhiraj Singh/Bloomberg)

Goods and Services Tax (GST) collections at Rs 95,480 crore in September touched the best stage to date this fiscal, the Finance Ministry mentioned on Thursday.

The revenues for the month are 4 per cent greater than the whole GST assortment in the identical month final 12 months.

In September, the tax collected from import of products was 102 per cent and the revenues from the home transaction (together with import of providers) had been 105 per cent of the revenues from these sources throughout the identical month final 12 months.

“The gross GST revenue collected in the month of September, 2020 is Rs 95,480 crore of which Central GST is Rs 17,741 crore, State GST is Rs 23,131 crore, Integrated GST is Rs 47,484 crore (including Rs 22,442 crore collected on import of goods) and Cess is Rs 7,124 crore (including Rs 788 crore collected on import of goods),” the ministry mentioned in a press release.

Goods and Services Tax mop up in September was the best to date this fiscal.

The income in April was Rs 32,172 crore, May (Rs 62,151 crore), June (Rs 90,917 crore), July (Rs 87,422 crore), August (Rs 86,449 crore).

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