Finance
By: Shree1news, 01 NOV 2020The gross GST income collected within the month of October, 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore (together with ₹ 23375crore collected on import of products) and Cess is ₹ 8,011crore (together with ₹932 crore collected on import of products). The whole variety of GSTR-3B Returns filed for the month of October upto 31stOctober, 2020 is 80 lakh.
The government has settled ₹ 25,091 crore to CGST and ₹ 19,427 crore to SGST from IGST as common settlement. The whole income earned by Central Authorities and the State Governments after common settlement within the month of October, 2020 is ₹ 44,285 crore for CGST and ₹ 44,839 crore for the SGST.
The revenues for the month are 10% increased than the GST revenues in the identical month final yr. Through the month, revenues from import of products was9% increased and the revenues from home transaction (together with import of companies) are11% increased that the revenues from these sources throughout the identical month final yr. The expansion in GST income as in comparison with that in months of July, August and September, 2020 of -14%, -8% and 5% respectively clearly exhibits the trajectory of restoration of the financial system and, correspondingly, of the revenues.
The chart exhibits tendencies in month-to-month gross GST revenues in the course of the present yr. The desk exhibits the state-wise figures of GST collected in every State in the course of the month of October, 2020 as in comparison with October, 2019 and for the complete yr.
Desk: State-wise GST assortment for April 2020[1]
| State | Oct-19 | Oct-20 | Progress |
| Jammu and Kashmir | 313 | 377 | 21% |
| Himachal Pradesh | 669 | 691 | 3% |
| Punjab | 1,189 | 1,376 | 16% |
| Chandigarh | 157 | 152 | -3% |
| Uttarakhand | 1,153 | 1,272 | 10% |
| Haryana | 4,578 | 5,433 | 19% |
| Delhi | 3,484 | 3,211 | -8% |
| Rajasthan | 2,425 | 2,966 | 22% |
| Uttar Pradesh | 5,103 | 5,471 | 7% |
| Bihar | 940 | 1,010 | 7% |
| Sikkim | 186 | 177 | -5% |
| Arunachal Pradesh | 41 | 98 | 138% |
| Nagaland | 25 | 30 | 20% |
| Manipur | 43 | 43 | 0% |
| Mizoram | 18 | 32 | 72% |
| Tripura | 54 | 57 | 5% |
| Meghalaya | 113 | 117 | 4% |
| Assam | 888 | 1,017 | 14% |
| West Bengal | 3,263 | 3,738 | 15% |
| Jharkhand | 1,437 | 1,771 | 23% |
| Odisha | 1,994 | 2,419 | 21% |
| Chattisgarh | 1,570 | 1,974 | 26% |
| Madhya Pradesh | 2,053 | 2,403 | 17% |
| Gujarat | 5,888 | 6,787 | 15% |
| Daman and Diu | 83 | 7 | -91% |
| Dadra and Nagar Haveli | 130 | 283 | 118% |
| Maharastra | 15,109 | 15,799 | 5% |
| Karnataka | 6,675 | 6,998 | 5% |
| Goa | 311 | 310 | 0% |
| Lakshadweep | 2 | 1 | -55% |
| Kerala | 1,549 | 1,665 | 7% |
| Tamil Nadu | 6,109 | 6,901 | 13% |
| Puducherry | 146 | 161 | 10% |
| Andaman and Nicobar Islands | 32 | 19 | -42% |
| Telangana | 3,230 | 3,383 | 5% |
| Andhra Pradesh | 1,975 | 2,480 | 26% |
| Ladakh | 0 | 15 | |
| Different Territory | 127 | 91 | -28% |
| Middle Jurisdiction | 97 | 114 | 17% |
| Grand Complete | 73,159 | 80,848 | 11% |
