GST collection Rs 1.48 lakh cr in Sep

Insight Online News

New Delhi, Oct 1 : The Goods and Services Tax (GST) collection rose 26 per cent year-on-year in September to Rs 1,47,686 crore, indicating continued revenue buoyancy on the back of economic recovery and anti-evasion measures.

“The gross GST revenue collected in September is Rs 1,47,686 crore of which CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464 crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods),” a Finance Ministry statement said Aon Saturday.

The government has settled Rs 31,880 crore to CGST and Rs 27,403 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlements in September stood at Rs 57,151 crore for CGST and Rs 59,216 crore for the SGST, the Ministry said.

During the month, revenues from import of goods were 39 per cent higher and the revenues from domestic transaction (including import of services) 22 per cent higher than the revenues from these sources during the same month last year.

‘This is the eighth month and for seven months in a row that the monthly GST revenues have been more than Rs 1.4 lakh crore mark. The growth in GST revenue till September 2022 over the same period last year is 27 per cent, continuing to display very high buoyancy. During August, 7.7 crore e-way bills were generated, which was marginally higher than 7.5 crore in July,” the Ministry said.

“This month witnessed the second highest single day collection of Rs. 49,453 crore on September 20 with the second highest number of 8.77 lakh challans filed, next only to Rs. 57,846 crore collected on July 20, through 9.58 lakh challans, which pertained to end of the year returns.

“September also saw another milestone getting crossed when more than 1.1 crore e-way bills and e-invoices, combined (72.94 lakh e-invoices and 37.74 lakh e-way bills), were generated without any glitch on the portal run by NIC on September 30,’ the Ministry added.

UNIINDIA

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