GST collections for September at Rs 1.17 lakh crore

Goods and service tax collections for September clocked Rs 1.17 lakh crore, making it the third consecutive month of revenues above Rs 1 lakh crore mark since June.

The revenues for the month of September 2021 are 23% higher than the GST revenues in the same month last year.

The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5% higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year.


"This clearly indicates that the economy is recovering at a fast pace... It is expected that the positive trend in the revenues will continue and the second half of the year will post higher revenues," the finance ministry said in a statement Friday.

Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections, the ministry said.

During the month, revenues from import of goods was 30% higher and the revenues from domestic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year.

The revenue for September 2020 was, in itself at a growth of 4% over the revenue of September 2019 of Rs 91,916 crore.

Of the gross collections, Central GST is Rs 20,578 crore, state GST is Rs 26,767 crore, integrated GST is Rs 60,911 crore (including Rs 29,555 crore collected on import of goods) and cess is Rs 8,754 crore (including Rs 623 crore collected on import of goods.

Centre had also released GST compensation of Rs 22,000 crore to States to meet their GST revenue gap .