Home Business GST assortment at Rs 86,449 crore in August

GST assortment at Rs 86,449 crore in August

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NEW DELHI: The gross GST collection in August stood at Rs 86,449 crore, down from Rs 87,422 crore collected in July, the finance ministry mentioned on Tuesday.
The revenues for August are 88 per cent of the GST collected in the identical month final yr.
In August 2019, Rs 98,202 crore was mopped up from Items and Companies Tax (GST).
Of the gross assortment, Central Goods and Services Tax (CGST) is at Rs 15,906 crore, State Items and Companies Tax (SGST) Rs 21,064 crore, Integrated Goods and Services Tax (IGST) Rs 42,264 crore (together with Rs 19,179 crore collected on import of products) and Cess Rs 7,215 crore.
The federal government has settled Rs 18,216 crore to CGST and Rs 14,650 crore to SGST from IGST as common settlement.
The whole income earned by the central and state governments after common settlement in August, 2020 is Rs 34,122 crore for CGST and Rs 35,714 crore for the SGST, the ministry mentioned.

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