{"id":334397,"date":"2021-11-02T01:26:28","date_gmt":"2021-11-02T06:56:28","guid":{"rendered":"http:\/\/tehelka.com\/?p=334397"},"modified":"2021-11-02T01:26:28","modified_gmt":"2021-11-02T06:56:28","slug":"gst-revenue-in-oct-2021-more-than-at-rs-1-3-lakh-crore-second-largest-after-1st-july-2017","status":"publish","type":"post","link":"https:\/\/tehelka.com\/gst-revenue-in-oct-2021-more-than-at-rs-1-3-lakh-crore-second-largest-after-1st-july-2017\/","title":{"rendered":"GST revenue in Oct-2021 more than at Rs. 1.3 lakh crore, second largest after 1st July 2017"},"content":{"rendered":"<p>Gross GST revenue collected in the month of October 2021 is\u00a0<strong>\u20b9 1,30,127 crore<\/strong>\u00a0of which CGST is\u00a0<strong>\u20b9 23,861 crore<\/strong>, SGST is\u00a0<strong>\u20b9 30,421 crore<\/strong>, IGST is\u00a0<strong>\u20b9 67,361 crore<\/strong>\u00a0(including \u20b9 32,998 crore collected on import of goods) and Cess is\u00a0<strong>\u20b9 8,484 crore<\/strong>\u00a0(including \u20b9 699 crore collected on import of goods).<\/p>\n<p>Government has settled \u20b927,310 crore to CGST and \u20b9 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 \u20b9 51171 crore for CGST and \u20b9 52,815 crore for the SGST.<\/p>\n<p>The revenues for the month of\u00a0<strong>October 2021 are 24% higher<\/strong>\u00a0than the GST revenues in the same month last year and 36% over 2019-20. During the month, revenues from import of goods was 39% higher and the revenues from domestic transaction (including import of services) are 19% higher than the revenues from these sources during the same month last year.<\/p>\n<p><strong>The GST revenues for October have been the second highest ever since introduction of GST, second only to that in April 2021,<\/strong>\u00a0which related to year-end revenues.\u00a0<strong>This is very much in line with the trend in economic recovery. This is also evident from the trend in the e-way bills generated every month since the second wave. The revenues would have still been higher if the sales of cars and other products had not been affected on account of disruption in supply of semi-conductors<\/strong>.\u00a0<strong>Chart 1 shows the upward trend in number of e-way bills generated during the month and the amount of taxable value clearly indicating the recovery in economic activity.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross GST revenue collected in the month of October 2021 is\u00a0\u20b9 1,30,127 crore\u00a0of which CGST is\u00a0\u20b9 23,861 crore, SGST is\u00a0\u20b9 30,421 crore, IGST is\u00a0\u20b9 67,361 crore\u00a0(including \u20b9 32,998 crore collected on import of goods) and Cess is\u00a0\u20b9 8,484 crore\u00a0(including \u20b9 699 crore collected on import of goods). Government has settled \u20b927,310 crore to CGST and [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":334399,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[14645,394],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/334397"}],"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\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=334397"}],"version-history":[{"count":2,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/334397\/revisions"}],"predecessor-version":[{"id":334400,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/334397\/revisions\/334400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/334399"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=334397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=334397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=334397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}