GST Collection Rises to Second Highest Since Inception


The GST Collection for October have been the second highest ever since roll out of GST, following that in April 2021, which related to year-end revenues.

As per the data, the gross GST revenue collected in the month of October 2021 is Rs 1,30,127 crore. Out of which CGST is Rs 23,681 crore, SGST is Rs 30,421 crore, IGST is Rs 67,361 crore (including Rs 32,998 crore collected on import of goods) and Cess is Rs 8,484 crore (including Rs 699 crore collected on import of goods).

The revenues for the month of October 2021 are 24 percent higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 39 percent higher and the revenues from domestic transaction (including import of services) are 19 percent higher than the revenues from these sources during the same month last year.

It has further informed that government has settled Rs 27,310 crore to CGST and Rs 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlement in the month of October 2021 is Rs 51171 crore for CGST and Rs 52,815 crore for the SGST.

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