GST Collections Cross ₹ 1 Lakh Crore In October, First Time In 8 Months

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The Goods and Services Tax (GST) collections in October was ₹ 1.05 lakh crore, crossing the ₹ 1 lakh crore mark for the first time since February this year, the finance ministry said on Sunday. The gross GST revenue collected in October stood at ₹ 1,05,155 crore, out of which Central Goods and Service Tax (CGST) was ₹ 19,193 crore and State Goods and Service Tax (SGST) was ₹ 25,411 crore, the ministry said in a statement.

Integrated Goods and Service Tax (IGST) was ₹ 52,540 crore (including ₹ 23,375 crore collected on import of goods) and cess was ₹ 8,011 crore (including ₹ 932 crore collected on import of goods), the ministry added. The GST collection was ₹ 95,480 crore in the previous month i.e. September.

The total number of GSTR-3B returns filed for the month of October stood at 80 lakh.

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