The total number of GSTR-3B returns filed for the month of November was 82 lakh
The government said on Tuesday that it collected goods and services tax (GST) worth Rs 1.04 lakh crore in November. GST’s revenue was 1.05 lakh crore rupees in October, marking two successive months in which GST’s revenue has passed the Rs 1 lakh crore mark. The collection in November 2020 is 1.4 percent higher than in November 2019 when the GST cleaning figures were Rs 1,03,491 crore.
The GST collection in November this year included Central GST (CGST) of Rs 19,189 crore, State GST (SGST) of Rs 25,540 crore and Integrated GST (IGST) of Rs 51,992 crore and cess of Rs 8,242 crore.
“During the month, income from imports of goods was 4.9 percent higher and income from domestic transactions (including import of services) is 0.5 percent higher than income from these sources during the same month last year.” said the Ministry of Finance in a sentence.
The GST revenue had exceeded Rs 1 lakh crore in 8 of the 12 months of the 2019-20 fiscal year. However, in the current fiscal year, revenues have been affected due to the lockdown and the consequent slowdown in the economy. 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) and September (Rs 95,480 crore).
The government has provided Rs 22,293 crore to CGST and Rs 16,286 crore to SGST from IGST as regular settlement. Total revenue earned by central government and state governments after regular liquidation in November 2020 is Rs 41,482 crore for CGST and Rs 41,826 crore for SGST.
The total number of GSTR-3B returns filed for the month of November was 82 lakh.
.
