The gross GST revenue
collected in the month of October, 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore (including ₹ 23375crore collected on import of goods) and Cess is ₹ 8,011crore (including ₹932 crore collected on
import of goods). The total number of GSTR-3B Returns filed for the month of
October upto 31stOctober, 2020 is 80 lakh.
The government has settled ₹ 25,091 crore to CGST and ₹ 19,427 crore to SGST from IGST as regular settlement
The government has
settled ₹ 25,091 crore to CGST and ₹ 19,427 crore to SGST from IGST as regular settlement. The total
revenue earned by Central Government and the State Governments after regular
settlement in the month of October, 2020 is ₹ 44,285 crore for CGST and ₹ 44,839 crore for the SGST.
The growth in GST revenue shows the trajectory of recovery of
The revenues for the
month are 10% higher than the GST revenues in the same month last year. During
the month, revenues from import of goods was9% higher and the revenues from
domestic transaction (including import of services) are11% higher that the
revenues from these sources during the same month last year. The growth in GST
revenue as compared to that in months of July, August and September, 2020 of
-14%, -8% and 5% respectively clearly shows the trajectory of recovery of the
economy and, correspondingly, of the revenues.