In September 2020, the gross Goods and Services Tax (GST) revenue collected reached £95,480 crore. This figure represents a 4% increase compared to the same month in the previous year. Revenue from the import of goods saw a significant 102% rise, while domestic transactions, including services, increased by 105% compared to September 2019.
GST Revenue collection for September, 2020
The gross GST revenue collected in the month of September, 2020 is Rs. 95,480 crore of which CGST is Rs. 17,741 crore, SGST is Rs. 23,131 crore, IGST is Rs. 47,484 crore (including Rs. 22,442 crore collected on import of goods) and Cess is Rs. 7,124 crore (including Rs. 788 crore collected on import of goods).
The government has settled Rs. 21,260 crore to CGST and Rs. 16,997 crore to SGST from IGST as regular settlement. The total revenue earned
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FAQ :
The gross GST revenue collected in September 2020 was £95,480 crore.
The GST revenues for September 2020 were 4% higher than in September 2019.
The collection comprised CGST of £17,741 crore, SGST of £23,131 crore, IGST of £47,484 crore, and Cess of £7,124 crore.
Revenues from the import of goods were 102% of the revenues from this source during the same month last year.
Revenues from domestic transactions, including the import of services, were 105% of the revenues from these sources during the same month last year.