Goods and Services Tax – GST Dated:- 1-1-2021 – News – GST Revenue collection for December 2020 recorded all time high since implementation of GST ₹ 1,15,174 crore gross GST revenue collected in December Revenues for December 2020 are 12% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore , SGST is ₹ 27,804 crore , IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 31 st December 2020 is 87 lakhs. The government has settled ₹ 23,276 crore to CGST and ₹ 17,681 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments aft
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of ₹ 1,04.963 crore. This is the highest growth in monthly revenues since last 21 months. This has been due to combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills alongwith many systemic changes introduced recently, which have led to improved compliance. Till now, GST revenues have crossed ₹ 1.1 lakh crore three times since introduction of GST. This is the third month in a row in the current financial year after the economy has been showing signs or recovery post pandemic that the GST revenues have been more than ₹ 1 lakh crore. The average growth in GST revenues during the last quarter has been 7.3% as compared to (-) 8.2% during the second quarter and (-) 41.0% during the first quarter of the financial year. The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the
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7 Delhi 3,698 3,451 -7% 8 Rajasthan 2,713 3,135 16% 9 Uttar Pradesh 5,489 5,937 8% 10 Bihar 1,016 1,067 5% 11 Sikkim 214 225 5% 12 Arunachal Pradesh 58 46 -22% 13 Nagaland 31 38 23% 14 Manipur 44 41 -8% 15 Mizoram
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7% 24 Gujarat 6,621 7,469 13% 25 Daman and Diu 94 4 -96% 26 Dadra and Nagar Haveli 154 259 68% 27 Maharashtra 16,530 17,699 7% 29 Karnataka 6,886 7,459 8% 30 Goa 363 342 -6% 31 Lakshadweep 1 1 -32% 32 Kerala 1,651 1,776 8%
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