Declining for the second consecutive month, the Goods and Services Tax (GST) collection slipped by around 12% to Rs 86,449 crore in August as compared to Rs 98,202 crore in the same month last year. Of the gross collection, Central GST (CGST) stood at Rs 15,906 crore, State GST (SGST) Rs 21,064 crore, Integrated GST (IGST) Rs 42,264 crore (including Rs 19,179 crore collected on import of goods) and Cess Rs 7,215 crore (including Rs 673 crore collected on import of goods).
The Finance Ministry said the government has settled Rs 18,216 crore to Central GST and Rs 14,650 crore to State GST from Integrated GST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of August, 2020 is Rs 34,122 crore for CGST and Rs 35,714 crore for the SGST.
The ministry said the revenues for August are 88% of the GST collected in the same month last year. During the month, the revenues from import of goods were 77% and the revenues from domestic transaction (including import of services) were 92% of the revenues from these sources during the same month last year. It further said that taxpayers with turnover less than Rs 5 crore have been permitted to file GST returns till September.
Company Name | CMP |
---|---|
Larsen & Toubro | 3634.95 |
Rail Vikas Nigam | 284.45 |
KEC International | 738.50 |
Kalpataru Projects | 1175.00 |
NCC | 249.25 |
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