GST Revenue collection for December 2020 recorded all-time high

GST Revenue collection for December 2020: The gross GST revenue collected in the month of December 2020 is Rs 1,15,174 crore of which CGST is Rs 21,365 crore, SGST is Rs 27,804 crore, IGST is Rs 57,426 crore (including Rs 27,050 crore collected on import of goods) and Cess is Rs 8,579 crore (including Rs 971 crore collected on import of goods), the government stated.

The total number of GSTR-3B Returns filed for the month of November up to December 31, 2020, is Rs 87 lakhs.

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The government has settled Rs 23,276 crore to CGST and Rs 17,681 crore to SGST from IGST as a regular settlement, the government said in a release. The total revenue earned by the Central Government and the State Governments after regular settlement in the month of December 2020 is Rs 44,641 crore for CGST and Rs 45,485 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of December 2020 are 12 percent higher than the GST revenues in the same month last year.

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The GST revenues during December 2020 have been the highest since the introduction of GST and it is the first time that it has crossed Rs 1.15 lakh crore. The highest GST collection till now was Rs 1,13,866 crore in the month of April 2019. The December 2020 revenues are significantly higher than last month’s revenues of Rs 1,04.963 crore. This is the highest growth in monthly revenues for the last 21 months.

This has been due to the combined effect of the rapid economic recovery post-pandemic and the nation-wide drive against GST evaders and fake bills along with many systemic changes introduced recently, which have led to improved compliance.

State-wise growth of GST Revenue collection for December 2020:

State	Dec-19	Dec-20	Growth
1	Jammu and Kashmir	409	318	-22%
2	Himachal Pradesh	699	670	-4%
3	Punjab	1,290	1,353	5%
4	Chandigarh	168	158	-6%
5	Uttarakhand	1,213	1,246	3%
6	Haryana	5,365	5,747	7%
7	Delhi	3,698	3,451	-7%
8	Rajasthan	2,713	3,135	16%
9	Uttar Pradesh	5,489	5,937	8%
10	Bihar	1,016	1,067	5%
11	Sikkim	214	225	5%
12	Arunachal Pradesh	58	46	-22%
13	Nagaland	31	38	23%
14	Manipur	44	41	-8%
15	Mizoram	21	25	21%
16	Tripura	59	74	25%
17	Meghalaya	123	106	-14%
18	Assam	991	984	-1%
19	West Bengal	3,748	4,114	10%
20	Jharkhand	1,943	2,150	11%
21	Odisha	2,383	2,860	20%
22	Chhattisgarh	2,136	2,349	10%
23	Madhya Pradesh	2,434	2,615	7%
24	Gujarat	6,621	7,469	13%
25	Daman and Diu	94	4	-96%
26	Dadra and Nagar Haveli	154	259	68%
27	Maharashtra	16,530	17,699	7%
29	Karnataka	6,886	7,459	8%
30	Goa	363	342	-6%
31	Lakshadweep	1	1	-32%
32	Kerala	1,651	1,776	8%
33	Tamil Nadu	6,422	6,905	8%
34	Puducherry	165	159	-4%
35	Andaman and Nicobar Islands	30	22	-26%
36	Telangana	3,420	3,543	4%
37	Andhra Pradesh	2,265	2,581	14%
38	Laddakh	0	8
97	Other Territory	118	88	-25%
99	Center Jurisdiction	75	127	68%
Grand Total		81,042	87,153	8%

 

It does not include GST on the import of goods. 

-PTC News