GST Collections Drop By 5.3 Per Cent To Rs 95,380 Crore In October

The Goods and Services Tax (GST) collection has declined by 5.3 per cent in October to Rs 95,380 crore, as per government data released on Friday. It was Rs 1,00,710 crore in the same month a year ago.

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 revenue collection in September 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 (including Rs 21,446 crore collected on imports) and Cess is Rs 7,607 crore (including Rs 774 crore collected on imports)," 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.