GST Revenue Collection Crosses Rs 1 Lakh Cr In Oct

New Delhi: The gross GST revenue collected in the month of October 2020 was Rs 1,05,155 crore, an official statement said on Sunday.

This is the first time in the current financial year that the gross GST collections has crossed the Rs 1-lakh-crore-mark.

Out of the total GST revenue collected, CGST (Central GST) was Rs 19,193 crore, SGST (State GST) was Rs 25,411 crore and IGST (Integrated GST) was Rs 52,540 crore (including Rs 23,375 crore collected on import of goods) and cess was Rs 8,011 crore (including Rs 932 crore collected on import of goods).

The total number of GSTR-3B Returns filed for the month of October upto was 80 lakh. The government has settled Rs 25,091 crore to CGST and Rs 19,427 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 October, 2020 was Rs 44,285…

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