According to the statement, the gross GST revenue collected in the month of August 2021 is Rs 1,12,020 crore of which CGST is Rs 20,522 crore, SGST is Rs 26,605 crore, IGST is Rs 56,247 crore (including Rs 26,884 crore collected on import of goods) and cess is Rs 8,646 crore (including Rs 646 crore collected on import of goods).
The government has settled Rs 23,043 crore to CGST and Rs 19,139 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs 24,000 crore as IGST ad-hoc settlement in the ratio of 50:50 between Centre and States/UTs.
The total revenue of Centre and the states after regular and ad hoc settlements in the month of August 2021 is Rs 55,565 crore for CGST and Rs 57,744 crore for the SGST.
During the month, the revenues from domestic transactions (including import of services) are 27 percent higher than the revenues from these sources during the same month last year. Even compared to the August revenue of Rs 98,202 crore in 2019-20, this…