GST collections subdued in October at ₹95,380 cr despite festive season
The Goods and Services Tax (GST) collection in October declined to ₹95,380 crore, as against ₹1,00,710 crore in the same month a year ago, as per government data released on Friday. This is the third consecutive month when GST mop-up remained below the ₹1 trillion mark, despite October being a festive month.
The Goods and Services Tax (GST) collection in October declined to ₹95,380 crore, as against ₹1,00,710 crore in the same month a year ago, as per government data released on Friday.
This is the third consecutive month when GST mop-up remained below the ₹1 trillion mark, despite October being a festive month.The revenue collection in September stood at ₹91,916 crore.
“The gross GST revenue collected in the month of October, 2019 is ₹95,380 crore of which CGST is Rs 17,582 crore, SGST is ₹23,674 crore, IGST is ₹46,517 crore (including ₹21,446 crore collected on imports) and cess is ₹7,607 crore (including ₹774 crore collected on imports),” the finance ministry said in a statement.
It further said the total number of GSTR 3B returns (summary of self-assessed return) filed for the month of September (up to October 30) was 7.3 million.
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