GST collection for September crosses Rs.1.17 lakh Cr
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The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included CGST component of 20,578 crore, SGST 26,767 crore and IGST component of 60,911 crore rupees.
The revenue for September was 23 per cent higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 30 per cent higher and the revenue from domestic transactions including import of services was 20 per cent higher than the revenue from these sources during the same month last year.
The average monthly gross GST collection for the second quarter of the current year amounted to 1.15 lakh crore rupees, which was five per cent higher than the average monthly collection of 1.10 lakh crore rupees in the first quarter of the year. This clearly indicates that the economy is recovering at a fast pace.
AIR correspondent reports, the Centre had also released GST compensation of 22,000 crore rupees to states to meet their GST revenue gap.
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