The GST collection stays above Rs 1 lakh crore for the third consecutive month in September

NEW DELHI: The government’s goods and services tax (GST) collection remained above Rs 1 lakh crore for the third consecutive month in September, data released by the Treasury Department on Friday showed.
GST collections in September hit a five-month high of Rs 1.17 lakh crore, 23 percent more than collections for the same period last year.
Of the total recovery, the CGST is 20,578 billion rupees, the SGST 26,767 million rupees, the IGST 60,911 million rupees (including 29,555 million rupees when importing goods) and the levy 8,754 million rupees (including 623 million rupees when importing goods).

In addition, the average gross monthly GST collection for the second quarter of the current fiscal year was Rs 1.15 lakh crore, 5 percent more than the average monthly collection of Rs 1.10 lakh crore for the first quarter.
“This clearly shows that the economy is recovering quickly. In connection with the economic growth, anti-evasion activities, in particular measures against counterfeit billers, have contributed to the improved GST surveys, ”said an official statement from the Ministry of Finance.
The center assumes that the positive sales trend will continue and hopes for higher sales in the second half of the year.
The GST collection in August and July was Rs 1.12 lakh crore and Rs 1.16 lakh crore, respectively.
In September, income from imports of goods was 30 percent higher and income from domestic transactions (including import of services) 20 percent higher than income from these sources in the same month last year.
(With contributions from agencies)