Navratri, Diwali fail to cheer Centre, GST rises just 3.7 per cent
This is the third consecutive month when GST mop-up remained below the `1 lakh crore mark, despite October being a festive month.
New Delhi: The Goods and Services Tax (GST) collection declined by 5.29 per cent to Rs 95,380 crore in October 2019, as against the same month last year. However, the GST collection increased 3.76 per cent notably in comparison to September 2019, when it was Rs 91,916 crore, according to data released by the finance ministry on Friday.
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite October being a festive month.
The GST revenue collection in October 2018 stood at Rs 1,00,710 crore. The revenue collection in September this year stood at Rs 91,916 crore.
“The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs 17,582 crore, SGST is Rs 23,674 crore, IGST is Rs 46,517 crore and Cess is Rs 7,607 crore,” the finance ministry said in a statement.
It further said the total number of GSTR 3B returns (summary of self-assessed return) filed for the month of September (up to October 30) was 73.83 lakh.