{"id":328240,"date":"2020-11-01T07:04:58","date_gmt":"2020-11-01T07:04:58","guid":{"rendered":"http:\/\/tehelka.com\/?p=328240"},"modified":"2020-11-01T07:04:58","modified_gmt":"2020-11-01T07:04:58","slug":"gst-collection-crosses-rs-1-lakh-crore-mark-in-october","status":"publish","type":"post","link":"https:\/\/tehelka.com\/gst-collection-crosses-rs-1-lakh-crore-mark-in-october\/","title":{"rendered":"GST collection crosses Rs 1 lakh crore mark in October"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\"><a href=\"http:\/\/tehelka.com\/anti-evasion-wing-of-cgst-delhi-detects-gst-fraud-of-rs-241-crores-one-held\/gst-fraud\/\" rel=\"attachment wp-att-318335\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-318335 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2019\/12\/gst-fraud-300x222.jpg\" alt=\"\" width=\"610\" height=\"451\" srcset=\"https:\/\/tehelka.com\/media\/2019\/12\/gst-fraud-300x222.jpg 300w, https:\/\/tehelka.com\/media\/2019\/12\/gst-fraud-80x60.jpg 80w, https:\/\/tehelka.com\/media\/2019\/12\/gst-fraud.jpg 471w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/><\/a>The Goods and Services Tax (GST) collections in October stood at over Rs 1 lakh crore mark, the finance ministry said on Sunday.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">Since February this year, GST collections crossed Rs 1 lakh crore mark for the first time. The collections had fallen due to the lockdown imposed to contain the COVID-19.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">According to the Ministry of Finance, the gross GST revenue collected in the month of October, 2020 is \u20b9 1,05,155 crore of which CGST is \u20b9 19,193 crore, SGST is \u20b9 25,411 crore, IGST is \u20b9 52,540 crore (including \u20b9 23375 crore collected on import of goods) and Cess is \u20b9 8,011 crore (including \u20b9932 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31<sup>st<\/sup>October, 2020 is 80 lakh.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">The government has settled \u20b9 25,091 crore to CGST and \u20b9 19,427 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of October, 2020 is \u20b9 44,285 crore for CGST and \u20b9 44,839 crore for the SGST.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">&#8220;The revenues for the month are 10% higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 9% higher and the revenues from the domestic transaction (including import of services) are 11% higher than the revenues from these sources during the same month last year. The growth in GST revenue as compared to that in months of July, August and September, 2020 of -14%, -8% and 5% respectively clearly shows the trajectory of recovery of the economy and, correspondingly, of the revenues,&#8221; Ministry of Finance said in a statement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Goods and Services Tax (GST) collections in October stood at over Rs 1 lakh crore mark, the finance ministry said on Sunday. Since February this year, GST collections crossed Rs 1 lakh crore mark for the first time. The collections had fallen due to the lockdown imposed to contain the COVID-19. According to the [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":318335,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167,36],"tags":[394],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/328240"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=328240"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/328240\/revisions"}],"predecessor-version":[{"id":328241,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/328240\/revisions\/328241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/318335"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=328240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=328240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=328240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}