Only in June GST collections recovered to touch Rs 90,917 crore.
"The revenues for the last month (June) were higher than the current month. However, it is important to note that during the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to Covid-19. It may also be noted that the taxpayers with turnover less than Rs 5 crore continue to enjoy relaxation in filing of returns till September 2020," the finance ministry
said in a statement.
Out of the total GST collection of Rs 87,422 crore for July, CGST
was Rs 16,147 crore, SGST was Rs 21,418 crore, the official statement said.
collections stood at Rs 42,592 crore (including Rs 20,324 crore collected on import of goods) and Cess collected was Rs 7,265 crore (including Rs 807crore collected on import of goods).
The government has settled Rs 23,320 crore to CGST
and Rs 18,838 crore to SGST from IGST
as regular settlement.
The total revenue earned by central government and the state governments after regular settlement in the month of July, 2020 is Rs 39,467 crore for CGST
and Rs 40,256 crore for the SGST.
During July, the revenues from import of goods were 84 per cent and the revenues from domestic transaction (including import of services) were 96 per cent of the revenues from these sources during the same month last year.
The revenues during the financial year has been impacted due to Covid-19, firstly due to the economic impact of the pandemic and secondly due to the relaxations given by the Government in filing of returns and payment of taxes due to the pandemic. However, figures of past four months show recovery in GST revenues.
Among the states, July collections have declined most in Uttarakhand, Delhi, Haryana, Jharkhand, Tamil Nadu, Maharashtra, Jammu and Kashmir and West Bengal. Only states of Rajasthan, Nagaland, Madhya Pradesh and Andhra Pradesh have shown growth of GST revenue or have maintained same levels as last year in July.
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