GST collections rose to Rs 95,480 crore in September - the highest level since the lockdown - in signs of a revival of economic activity and demand returning from the lifting of restrictions.
The Goods and Services Tax (GST) collections were almost 4 per cent more than the September 2019 collection of Rs 91,916 crore and nearly triple of April 2020 mop-up. Also, it is 10 per cent higher over August 2020 collection.
The Finance Ministry in a statement said the gross GST revenue collected in September 2020 is Rs 95,480 crore, out of which Central GST is Rs 17,741 crore, State GST is Rs 23,131 crore, Integrated GST is Rs 47,484 crore (including Rs 22,442 crore collected on import of goods) and cess is Rs 7,124 crore (including Rs 788 crore collected on import of goods).
In September 2020, the tax collections from import of goods and domestic transaction were 102 per cent and 105 per cent, respectively, of the revenues from these sources during the same month last year.
The GST revenue in April was Rs 32,172 crore, May (Rs 62,151 crore), June (Rs 90,917 crore), July (Rs 87,422 crore), August (Rs 86,449 crore).