Gross GST Revenue Of Rs. 1,12,020 Crores Collected In August 2021 Is 30% Higher Than Last Year
The revenues for the month of August 2021 are 30% higher than the GST revenues in the same month last year. During the month, the revenues from the domestic transactions (including import of services) are 27% higher than the revenues from these sources during the same month last year. Even as compared to the August revenues in 2019-20 of rupees 98,202 crores, this is a growth of 14%.
New Delhi: The revenues for the month of August 2021 are 30% higher than the GST revenues in the same month last year. During the month, the revenues from the domestic transactions (including import of services) are 27% higher than the revenues from these sources during the same month last year. Even as compared to the August revenues in 2019-20 of rupees 98,202 crores, this is a growth of 14%.
The gross GST revenue collected in the month of August 2021 is rupees 1,12,020 crores of which CGST is rupees 20,522 crores, SGST is rupees 26,605 crores, IGST is rupees 56,247 crores (including rupees 26,884 crores collected on import of goods) and Cess is rupees 8,646 crores (including rupees 646 crores collected on import of goods).
The government has settled rupees 23,043 crores to CGST and rupees19,139 crores to SGST from IGST as regular settlement. In addition, Centre has also settled rupees 24,000 crores as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs. The total revenue of Centre and the States after regular and ad-hoc settlements in the month of August 2021 is rupees 55,565 crores for CGST and rupees 57,744 crores for the SGST.
The revenues for the month of August 2021 are 30% higher than the GST revenues in the same month last year. During the month, the revenues from the domestic transactions (including import of services) are 27% higher than the revenues from these sources during the same month last year. Even as compared to the August revenues in 2019-20 of rupees 98,202 crores, this is a growth of 14%.
GST collection, after posting above Rs. 1 lakh crore mark for nine months in a row, dropped below Rs. 1 lakh crore in June 2021 due to the second wave of covid. With the easing out of COVID restrictions, GST collection for July and August 2021 have again crossed rupees 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections. The robust GST revenues are likely to continue in the coming months too.
The table shows the state-wise figures of GST collected in each State during the month of August 2021 as compared to August 2020.
State-wise growth of GST Revenues during August 2021
|
State |
August-20 |
August-21 |
% growth |
|
|
1 |
Jammu and Kashmir |
326 |
392 |
20% |
|
2 |
Himachal Pradesh |
597 |
704 |
18% |
|
3 |
Punjab |
1,139 |
1,414 |
24% |
|
4 |
Chandigarh |
139 |
144 |
4% |
|
5 |
Uttarakhand |
1,006 |
1,089 |
8% |
|
6 |
Haryana |
4,373 |
5,618 |
28% |
|
7 |
Delhi |
2,880 |
3,605 |
25% |
|
8 |
Rajasthan |
2,582 |
3,049 |
18% |
|
9 |
Uttar Pradesh |
5,098 |
5,946 |
17% |
|
10 |
Bihar |
967 |
1,037 |
7% |
|
11 |
Sikkim |
147 |
219 |
49% |
|
12 |
Arunachal Pradesh |
35 |
53 |
52% |
|
13 |
Nagaland |
31 |
32 |
2% |
|
14 |
Manipur |
26 |
45 |
71% |
|
15 |
Mizoram |
12 |
16 |
31% |
|
16 |
Tripura |
43 |
56 |
30% |
|
17 |
Meghalaya |
108 |
119 |
10% |
|
18 |
Assam |
709 |
959 |
35% |
|
19 |
West Bengal |
3,053 |
3,678 |
20% |
|
20 |
Jharkhand |
1,498 |
2,166 |
45% |
|
21 |
Odisha |
2,348 |
3,317 |
41% |
|
22 |
Chhattisgarh |
1,994 |
2,391 |
20% |
|
23 |
Madhya Pradesh |
2,209 |
2,438 |
10% |
|
24 |
Gujarat |
6,030 |
7,556 |
25% |
|
25 |
Daman and Diu |
70 |
1 |
-99% |
|
26 |
Dadra and Nagar Haveli |
145 |
254 |
74% |
|
27 |
Maharashtra |
11,602 |
15,175 |
31% |
|
29 |
Karnataka |
5,502 |
7,429 |
35% |
|
30 |
Goa |
213 |
285 |
34% |
|
31 |
Lakshadweep |
0 |
1 |
220% |
|
32 |
Kerala |
1,229 |
1,612 |
31% |
|
33 |
Tamil Nadu |
5,243 |
7,060 |
35% |
|
34 |
Puducherry |
137 |
156 |
14% |
|
35 |
Andaman and Nicobar Islands |
13 |
20 |
58% |
|
36 |
Telangana |
2,793 |
3,526 |
26% |
|
37 |
Andhra Pradesh |
1,955 |
2,591 |
33% |
|
38 |
Ladakh |
5 |
14 |
213% |
|
97 |
Other Territory |
180 |
109 |
-40% |
|
99 |
Center Jurisdiction |
161 |
214 |
33% |
|
Grand Total |
66,598 |
84,490 |
27% |
Does not include GST on import of goods
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