What was the revenue collected from goods and services tax GST in May 2021?

The gross GST revenue stood at Rs 1,02,709 crore out of which CGST is Rs 17,592 crore, SGST is Rs 22,653 crore. The revenues for the month of May 2021 are 65\% higher than the GST revenues in the same month last year.

How much GST is collected each year?

Out of the total Rs 1.17 lakh crore collection, CGST is Rs 20,578 crore, SGST is Ra 26,767 crore, IGST is Rs 60,911 crore (including Rs 29,555 crore collected on import of goods) and cess is Rs 8,754 crore (including Rs 623 crore collected on import of goods).

Is GST collection increasing?

Finance Minister Nirmala Sitharaman said in a tweet: “GST collection for October 2021 registered the second-highest since the implementation of GST Rs 1,30,127 crore gross GST revenue collected in October. Revenues… of October 2021 are 24\% higher than the GST revenues in the same month last year & 36\% over ’19-20.”

What is the GST collection in June 2021?

June GST collections stand at Rs 90,917 crore Of the Rs 90,917 cr revenue, CGST stood at Rs 18,980 crore, SGST at Rs 23,970 crore and IGST at Rs 40,302 crore, which included Rs 15,709 crore collected on import, the Finance Ministry said in statement.

What is GST revenue collection?

The gross GST revenue collected in the month of September 2021 is. ₹ 1,17,010 crore of which CGST is ₹ 20,578 crore, SGST is ₹ 26,767 crore, IGST is ₹ 60,911 crore (including ₹ 29,555 crore collected on import of goods) and Cess is. ₹ 8,754 crore (including ₹ 623 crore collected on import of goods).

What is highest GST collection in India?

Rs 1,41,384 crore
The government had recorded its highest ever collection of GST in April 2021 at Rs 1,41,384 crore. The revenues for October are 24 per cent higher than the GST revenues in the same month last year and 36 per cent more than 2019-20. “This is very much in line with the trend in economic recovery.

What is the GST collection in August 2021?

Rs 1,12,020 crore
“The gross GST revenue collected in the month of August 2021 is Rs 1,12,020 crore of which Central GST is Rs 20,522 crore, State GST is Rs 26,605 crore, Integrated GST is Rs 56,247 crore (including Rs 26,884 crore collected on import of goods) and Cess is Rs 8,646 crore (including Rs 646 crore collected on import of …

How much is GST this month?

For the 2020 base year (payment period from July 2021 to June 2022), you could get up to: $456 if you are single. $598 if you are married or have a common-law partner. $157 for each child under the age of 19.

Will GST collection crosses 1 lakh crore for the month of September?

The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included a CGST component of 20,578 crores, SGST is 26,767 crore and IGST component of 60,911 crore rupees. During the month, revenue from import of goods was 30\% higher. …

What is the GST collection for August 2021?

Which is the largest component of GST collection for the month of June 2021?

Rs 92,849 crore
The gross GST revenue collected in the month of June’ 2021 is Rs 92,849 crore of which CGST is Rs 16,424 crore, SGST is Rs 20,397, IGST is Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods).

What is the GST collection in October 2021?

The gross GST revenue collected in the month of October 2021 is ₹ 1,30,127 crore of which CGST is ₹ 23,861 crore, SGST is ₹ 30,421 crore, IGST is ₹ 67,361 crore (including ₹ 32,998 crore collected on import of goods) and Cess is ₹ 8,484 crore (including ₹ 699 crore collected on import of goods).

How much was the GST revenue in March 2021?

Goods and service tax (GST) revenue touched an all-time high in March 2021, with the government collecting nearly Rs 1.24 lakh crore, the finance ministry said on Thursday. GST collections for March are 27\% higher than the same month last year and are 14\% higher in January-March quarter FY21 versus the full fourth quarter for FY20.

What is the total revenue collected by GST in India?

The gross GST revenue collected in the month of March 2021 stands at Rs 1,23,902 crore of which central GST is Rs 22,973 crore, state GST is Rs 29,329 crore, integrated GST is Rs 62,842 crore, including Rs 31,097 crore collected on import of goods. Of the gross, cess is Rs 8,757 crore, including Rs 935 crore collected on import of goods.

How much is the total GST collection for September 2019?

02.10.2019: The total GST collection for the month of September 2019 slips down by 6286 crores as compared to August 2019. Thus the final collection for September 2019 is 91,916 crore. The above figures consist of CGST is ₹ 16,630 crore, SGST is ₹ 22,598 crore, IGST is ₹ 45,069 crore and Cess is ₹7,620 crore.

Why has GST collection dropped below 1 lakh crore?

Therefore, the GST collection, after posting above Rs. 1 lakh crore mark for nine months in a row, dropped below Rs. 1 lakh crore in June 2021 due to the second wave of covid. However, even after relaxing COVID restrictions, GST collection for July and August 2021 have again crossed ₹1 lakh crore.