The Things You Should Know

Ministry of Finance has released the data of gross GST revenue collection for the month of January on 31st of January.  The gross GST revenue collected in the month of January 2022 is  ₹ 1,38,394 crore   of which CGST is   ₹ 24,674 crore , SGST is   ₹ 32,016 crore , IGST is   ₹ 72,030 crore   (including ₹ 35,181 crore collected on import of goods) and Cess is   ₹ 9,674 crore   (including ₹ 517 crore collected on import of goods). The government has settled  ₹   29,726 crore to CGST and   ₹   24,180 crore to SGST from IGST as regular settlement. In addition, Centre has also settled  ₹   35,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States/UTs in this month. The total revenue of Centre and the States in the month of January 2022 after regular and ad-hoc settlements is   ₹   71,900 crore for CGST and   ₹   73,696 crore for the SGST. Centre also released GST co...

Ministry of Finance has released the data of gross GST revenue collection for the month of December on 1st of January.  The gross GST revenue collected in the month of December 2021 is  ₹ 1,29,780 crore   of which CGST is   ₹ 22,578 crore , SGST is   ₹ 28,658 crore , IGST is   ₹ 69,155 crore   (including ₹ 37,527 crore collected on import of goods) and Cess is   ₹ 9,389 crore   (including ₹ 614 crore collected on import of goods). The government has settled ₹25,568 crore to CGST and ₹ 21,102 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 48,146 crore for CGST and ₹ 49,760 crore for the SGST. The revenues for the month of   Decem ber 2021 are 13% higher  than the GST revenues in the same month last year and 26% over December 2019. During the month, revenues from import of goods was 36% higher and the revenues from domestic transact...

  Ministry of Finance has released the data of gross GST revenue collection for the month of November on 1st of December.  The gross GST revenue collected in the month of November 2021 is  ₹ 1,30,526 crore   of which CGST is   ₹ 23,978 crore , SGST is   ₹ 31,127 crore , IGST is   ₹ 66,815 crore   (including ₹ 32,165 crore collected on import of goods) and Cess is   ₹ 9,606 crore   (including ₹ 653 crore collected on import of goods). The government has settled ₹27,273 crore to CGST and ₹ 22,655 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 51,251 crore for CGST and ₹ 53,782 crore for the SGST. Centre has released ₹ 17,000 crore to States/UTs towards GST compensation on 03.11.2021. The revenues for the month of Novem ber 2021 are 25% higher  than the GST revenues in the same month last year and 27% over 2019-20. During the month, ...

Ministry of Finance has released the data of gross GST revenue collection for the month of October on 1st of November.  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 ₹ 51,171 crore for CGST and ₹ 52,815 crore for the SGST. The 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. During the month, revenues from import of goods was 39% higher and the revenues from domestic transaction (includ...

Ministry of Finance has released the data of gross GST revenue collection for the month of May on 1st of June.  The gross GST revenue collected in the month of May , 2021 is  ₹ 1,02,709  crore  of which CGST is  ₹ 17,592  crore , SGST is  ₹ 22,653  crore , IGST is  ₹ 53,199   crore  (including  ₹ 26,002  crore  collected on import of goods) and Cess is  ₹9,265 crore  (including  ₹ 868  crore  collected on import of goods). The above figure includes GST collection from domestic transactions till 4 th  of June since taxpayers were given various relief measures in the form of waiver/reduction in interest on delayed return filing for 15 days for the return filing month May’21 in the wake of covid pandemic second wave. During this month the government has settled ₹ 15,014 crore to CGST and ₹ 11,653 crore to SGST from IGST as regular settlement. The revenues for the month of May 2021 are...

Ministry of Finance has released the data of gross GST revenue collection for the month of April on 1st of May.  The gross GST revenue collected in the month of April , 2021 is  ₹ 1,41,384  crore  of which CGST is  ₹ 27,837  crore , SGST is  ₹ 35,621  crore , IGST is  ₹ 68,481   crore  (including  ₹ 29,599  crore  collected on import of goods) and Cess is  ₹9,445 crore  (including  ₹ 981  crore  collected on import of goods). The government has settled  ₹ 29,185 crore  to CGST and  ₹ 22,756 crore  to SGST from IGST as regular settlement.  The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57,022 crore for CGST and Rs. 58,377 crore for the SGST. The revenues for the month of April 2021 are 14 % higher  than the GST revenues in the last month of March’2021. During the month, the revenues from dom...

Ministry of Finance has released the data of gross GST revenue collection for the month of March on 1st of Aprl.  The gross GST revenue collected in the month of March , 2021 is  ₹ 1,23,902  crore  of which CGST is  ₹ 22,973  crore , SGST is  ₹ 29,329  crore , IGST is  ₹ 62,842   crore  (including  ₹ 31,097  crore  collected on import of goods) and Cess is  ₹8,757 crore  (including  ₹ 935  crore  collected on import of goods). The government has settled  ₹ 21,879 crore  to CGST and  ₹ 17,230 crore  to SGST from IGST as regular settlement.  In addition, Centre has also settled ₹ 28,000 crore as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs.   The total revenue earned by Central Government and the State Governments after regular and ad-hoc settlement in the month of   March , 2021 is  ₹ 58,852 crore  for CGST an...

Ministry of Finance has released the data of gross GST revenue collection for the month of October on 1st November.  The gross GST revenue collected in the month of Octo ber , 2020 is  ₹ 1,05,155  crore  of which CGST is  ₹ 19,193  crore , SGST is  ₹ 25,411  crore , IGST is  ₹ 52,540  crore  (including  ₹ 23,375  crore  collected on import of goods) and Cess is  ₹8,011 crore  (including  ₹ 932  crore  collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31 st October, 2020 is 80 lakh . The government has settled  ₹ 25,091 crore  to CGST and  ₹ 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  ₹ 44,285 crore  for CGST and  ₹ 40,839 crore  for the SGST. The revenues for the...

  Ministry of Finance has released the data of gross GST revenue collection for the month of September on 1st October.  The gross GST revenue collected in the month of  September , 2020 is  ₹ 95,480  crore  of which CGST is  ₹ 17,741  crore , SGST is  ₹ 23,131  crore , IGST is  ₹ 47,484  crore  (including  ₹ 22,442  crore  collected on import of goods) and Cess is  ₹7,124 crore  (including  ₹ 788  crore  collected on import of goods). The government has settled  ₹ 21,260 crore  to CGST and  ₹ 16,997 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 September, 2020 is  ₹ 39,001 crore  for CGST and  ₹ 40,128 crore  for the SGST. The revenues for the month are 4% higher than the GST revenues in the same month last year. During the month, ...

Ministry of Finance has released the data of gross GST revenue collection for the month of August on 1st September.  The gross GST revenue collected in the month of August, 2020 is  ₹ 86,449  crore  of which CGST is  ₹ 15,906  crore , SGST is  ₹ 21,064  crore , IGST is  ₹ 42,264  crore  (including  ₹ 19,179  crore  collected on import of goods) and Cess is  ₹7,215 crore  (including  ₹ 673  crore  collected on import of goods). The government has settled  ₹ 18,216 crore  to CGST and  ₹ 14,650 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 August,2020 is  ₹ 34,122 crore  for CGST and  ₹ 35,714 crore  for the SGST. The revenues  for the month  are 88 %  of the GST revenues in the same month last year. During the month, the revenue...

Ministry of Finance has released the data of gross GST revenue collection for the month of July on 1st August.  The gross GST revenue collected in the month of July, 2020 is  ₹ 87,422  crore  of which CGST is  ₹ 16,147  crore , SGST is  ₹ 21,418  crore , IGST is  ₹ 42,592  crore  (including  ₹ 20,324  crore  collected on import of goods) and Cess is  ₹7,265 crore  (including  ₹ 807  crore  collected on import of goods). The government has settled  ₹ 23,320 crore  to CGST and  ₹ 18,838 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 July,2020 is  ₹ 39,467 crore  for CGST and  ₹ 40,256 crore  for the SGST. The revenues  for the month  are 86 %  of the GST revenues in the same month last year. During the month, the revenues from im...