Goods and Services Tax – GST Dated:- 1-11-2021 – News – GST collection for October 2021 registered the second highest since implementation of GST ₹ 1,30,127 crore gross GST revenue collected in October Revenues for the month of October 2021 are 24% higher than the GST revenues in the same month last year and 36% over 2019-20 The gross GST revenue collected in the month of October 2021 is ₹ 1,30,127 crore of which CGST is ₹ 23,861 crore , SGST is ₹ 30,421 crore , IGST is ₹ 67,361 crore (including ₹ 32,998 crore collected on import of goods) and Cess is ₹ 8,484 crore (including ₹ 699 crore collected on import of goods). The government has settled ₹27,310 crore to CGST and ₹ 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of October 2021 is ₹ 51171 crore for CGST and ₹ 52,815 crore for the SGST. The reve
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vity. The revenues have also been aided due to the efforts of the State and Central tax administration resulting in increased compliance over previous months . In addition to action against individual tax evaders, this has been a result of the multipronged approach followed by the GST Council. On one hand, various measures have been taken to ease compliance like nil filing through SMS, enabling Quarterly Return Monthly Payment (QRMP) system and auto- population of return. During past one year, GSTN has augmented the system capacity considerably to improve user experience. On the other hand, the Council has also taken various steps to discourage non-compliant behaviour, like blocking of e-way bills for non-filing of returns, system-based suspension of registration of taxpayers who have failed to file six returns in a row and blocking of credit for return defaulters. Number of returns ( GSTR-3B ) of every month/quarter by the end of next month is a good parameter indicating
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rent month has increased considerably . 1.5 crore returns were filed in the month of July 2021 as taxpayers filed returns of past months taking benefit of the relaxation given due to Covid. With improvement of return filing, the focus of GST Council has been on timely filing of GSTR-1, the statement containing details of invoices. This statement is critical to ensure discipline in taking input tax credit. Various steps have been taken to ensure timely filing of GSTR-1 . Chart 4 displaying GSTR-1 filing by the end of the month shows that these steps have brought in the desired result as the percentage of GSTR-1 filed by the end of the month is clearly showing an upward trend. Overall, the impact of these efforts has ensured increased compliance and higher revenues. As a part of overall efforts to plug evasion, more steps to restrict fake ITC are under consideration of the GST Council. Chart 5 below shows the trend in monthly GST revenues during the year and the t
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1,272 1,259 -1% Haryana 5,433 5,606 3% Delhi 3,211 4,045 26% Rajasthan 2,966 3,423 15% Uttar Pradesh 5,471 6,775 24% Bihar 1,010 1,351 34% Sikkim 177 257 45% Arunachal Pradesh 98 47 -52% Nagaland 30 38 30% Manipur 43 64 49% Mizoram 32 32 1% Tripura
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Maharashtra 15,799 19,355 23% Karnataka 6,998 8,259 18% Goa 310 317 3% Lakshadweep 1 2 86% Kerala 1,665 1,932 16% Tamil Nadu 6,901 7,642 11% Puducherry 161 152 -6% Andaman and Nicobar Islands 19 26 40% Telangana 3,383 3,854 14% Andhra Pradesh 2,480 2,879 16% Ladakh 15 19
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