September GST Collection records lowest in last 19 months
Once again the GST Collection dropped below Rs 1 lakh crore limit. In the month of September, full of ups and down in the market, the GST collection stood at Rs. 91,916 crore. It was the lowest since last 19 months.
The total gross GST revenue collected in the month of September, 2019 is Rs. 91,916 crore of which CGST is Rs. 16,630 crore, SGST is Rs. 22,598 crore, IGST is Rs. 45,069 crore (including Rs. 22,097 crore collected on imports) and Cess is Rs. 7,620 crore (including Rs. 728 crore collected on imports). The total number of GSTR 3B Returns filed for the month of August up to 30th September, 2019 is 75.94lakh.
The government has settled Rs. 21,131 crore to CGST and Rs. 15,121 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 September, 2019 is Rs. 37,761 crore for CGST and Rs. 37,719 crore for the SGST.
The revenue during September, 2019 is declined by 2.67% in comparison to the revenue during September, 2018. During April-September, 2019 vis-à-vis 2018, the domestic component has grown by 7.82% while the GST on imports has shown negative growth and the total collection has grown by 4.90%.