GST Revenue of Rs. 1,12,020 crore collected in August

GST Revenue of Rs. 1,12,020 crore collected in August

In August 2021, gross GST revenue was Rs. 1,12,020 crore, with CGST at Rs. 20,522 crore, SGST at Rs. 26,605 crore, IGST at Rs. 56,247 crore (including Rs. 26,884 crores collected on imports of goods), and Cess at Rs. 8,646 crore (including Rs. 646 crores collected on import of goods).

As part of the normal settlement, the government has paid Rs. 23,043 crore to the CGST and Rs. 19,139 crore to the SGST. In addition, the Centre has agreed to pay Rs. 24,000 crore in IGST ad hoc settlements in a 50:50 split between the Centre and the States/UTs. In August 2021, the total revenue of the Centre and the States after regular and ad-hoc settlements is Rs. 55,565 crore for the CGST and Rs. 57,744 crore for the SGST.

The revenue for the month of August 2021 is 30 percent higher than the same month the previous year. Domestic transaction revenues (including service imports) were 27 percent higher this month than they were the same month last year. Even when compared to the 98,202 crore in August of the previous fiscal year, this is a 14 percent increase.

Due to the second wave of covid, GST collection fell below Rs. 1 lakh crore in June 2021 after being above Rs. 1 lakh crore for nine months in a row. With the removal of COVID restrictions, GST collections for July and August 2021 have once again surpassed Rs 1 lakh crore, indicating that the economy is rapidly rebounding. Anti-evasion operations, particularly action against false billers, have also contributed to increased GST receipts when combined with economic growth. GST revenues are expected to remain strong in the future months as well.

The table compares the amount of GST collected in each state in August 2021 to August 2020.

Growth in Statewise GST Revenues in August 2021

S.No	State	Aug-20	Aug-21	% growth
1	Jammu and Kashmir	326	392	20%
2	Himachal Pradesh	597	704	18%
3	Punjab	1,139	1,414	24%
4	Chandigarh	139	144	4%
5	Uttarakhand	1,006	1,089	8%
6	Haryana	4,373	5,618	28%
7	Delhi	2,880	3,605	25%
8	Rajasthan	2,582	3,049	18%
9	Uttar Pradesh	5,098	5,946	17%
10	Bihar	967	1,037	7%
11	Sikkim	147	219	49%
12	Arunachal Pradesh	35	53	52%
13	Nagaland	31	32	2%
14	Manipur	26	45	71%
15	Mizoram	12	16	31%
16	Tripura	43	56	30%
17	Meghalaya	108	119	10%
18	Assam	709	959	35%
19	West Bengal	3,053	3,678	20%
20	Jharkhand	1,498	2,166	45%
21	Odisha	2,348	3,317	41%
22	Chhattisgarh	1,994	2,391	20%
23	Madhya Pradesh	2,209	2,438	10%
24	Gujarat	6,030	7,556	25%
25	Daman and Diu	70	1	-99%
26	Dadra and Nagar Haveli	145	254	74%
27	Maharashtra	11,602	15,175	31%
29	Karnataka	5,502	7,429	35%
30	Goa	213	285	34%
31	Lakshadweep	0	1	220%
32	Kerala	1,229	1,612	31%
33	Tamil Nadu	5,243	7,060	35%
34	Puducherry	137	156	14%
35	Andaman and Nicobar Islands	13	20	58%
36	Telangana	2,793	3,526	26%
37	Andhra Pradesh	1,955	2,591	33%
38	Ladakh	5	14	213%
97	Other Territory	180	109	-40%
99	Center Jurisdiction	161	214	33%
Grand Total		66,598	84,490	27%

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