GST Collections Drop Below Rs 1 Lakh Crore To Rs 98,202 Crore In August

India's gross GST collections slipped below Rs 1 lakh crore to Rs 98,202 crore in August, according to official data released by the Department of Revenue on Sunday. Gross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 lakh crore. The August 2019 mop-up was, however, 4.5 per cent higher than the Rs 93,960 crore collected in the same month last year.

Of the total Rs 98,202 tax, collected last month, Central GST collections stood at Rs 17,733 crore, State GST at Rs 24,239 crore, and Integrated GST Rs at 48,958 crore (including Rs 24,818 crore collected on imports) the statement said.

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The revenue earned by the Central and State Governments after regular settlement in August were Rs 40,898 crores and Rs 40,862 crore respectively.

Data also showed that total number of GSTR 3B Returns filed for July till August 31 was 75.80 lakhs.

This is the second time during this year that the revenue collection from the GST has slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore.

HIGHLIGHTS

• GST collections drop below Rs 1 lakh crore in August.
• Revenue earned by CGST and SGST stood at Rs 40,898 crores and Rs 40,862 crore respectively.
• Total number of GSTR 3B Returns filed till August 31 was 75.80 lakhs.