No menu items!
Tuesday, November 5, 2024

₹ 1,12,020 crore of gross GST revenue collected in August

Must Read

The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of goods) and Cess is ₹ 8,646 crore (including ₹ 646 crore collected on import of goods).

The government has settled ₹ 23,043 crore to CGST and ₹ 19,139 crore to SGST from IGST as regular settlement. In addition, Centre has also settled ₹ 24,000 crore as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs. The total revenue of Centre and the States after regular and ad-hoc settlements in the month of August’ 2021 is ₹ 55,565 crore for CGST and ₹ 57,744 crore for the SGST.

The revenues for the month of August 2021 are 30% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transaction (including import of services) are 27% higher than the revenues from these sources during the same month last year. Even as compared to the August revenues in 2019-20 of ₹ 98,202 crore, this is a growth of 14%.

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. With the easing out of COVID restrictions, GST collection for July and August 2021 have again crossed ₹1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections. The robust GST revenues are likely to continue in the coming months too.

The table shows the state-wise figures of GST collected in each State during the month of August 2021 as compared to August 2020.

 

State-wise growth of GST Revenues during August 2021

State August-20 August-21 % growth
1 Jammu and Kashmir 326 392 20%
2 Himachal Pradesh 597 704 18%
3 Punjab 1,139 1,414 24%
4 Chandigarh 139 144 4%
5 Uttarakhand 1,006 1,089 8%
6 Haryana 4,373 5,618 28%
7 Delhi 2,880 3,605 25%
8 Rajasthan 2,582 3,049 18%
9 Uttar Pradesh 5,098 5,946 17%
10 Bihar 967 1,037 7%
11 Sikkim 147 219 49%
12 Arunachal Pradesh 35 53 52%
13 Nagaland 31 32 2%
14 Manipur 26 45 71%
15 Mizoram 12 16 31%
16 Tripura 43 56 30%
17 Meghalaya 108 119 10%
18 Assam 709 959 35%
19 West Bengal 3,053 3,678 20%
20 Jharkhand 1,498 2,166 45%
21 Odisha 2,348 3,317 41%
22 Chhattisgarh 1,994 2,391 20%
23 Madhya Pradesh 2,209 2,438 10%
24 Gujarat 6,030 7,556 25%
25 Daman and Diu 70 1 -99%
26 Dadra and Nagar Haveli 145 254 74%
27 Maharashtra 11,602 15,175 31%
29 Karnataka 5,502 7,429 35%
30 Goa 213 285 34%
31 Lakshadweep 0 1 220%
32 Kerala 1,229 1,612 31%
33 Tamil Nadu 5,243 7,060 35%
34 Puducherry 137 156 14%
35 Andaman and Nicobar Islands 13 20 58%
36 Telangana 2,793 3,526 26%
37 Andhra Pradesh 1,955 2,591 33%
38 Ladakh 5 14 213%
97 Other Territory 180 109 -40%
99 Center Jurisdiction 161 214 33%
Grand Total 66,598 84,490 27%

 Does not include GST on import of goods

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....

More Articles Like This