• twitter-icon
Unlimited Tax Return Filing


GST Collections for June 2020 Lower Than That in Last Year

April to June 2020 GST Collection

The collection of Goods and Services Tax (GST) for June 2020 has seen a downfall as compared to that in June 2019. The GST collected for June, amounted to ₹ 90,917 crore (CGST- ₹ 18,980 crore SGST- ₹ 23,970 crore IGST- ₹ 40,302 crore Cess- ₹ 7,665 crore)the departments have already settled ₹ 13,325 crore to CGST and ₹ 11,117 crore to SGST from IGST collections. The total revenue of the State and the Central government is ₹ 32,305 crore for the CGST and ₹ 35,087 crore for the SGST.

The Ministry of Finance issued a notification that read, “The revenues for the month are 91% of the GST revenues in the same month last year. During the month, the revenues from import of goods were 71%and the revenues from domestic transaction (including import of services) were 97% of the revenues from these sources during the same month last year. During the month of June, returns of February, March, and April 2020 have also been filed in addition to some returns of May 2020 since Government has allowed a relaxed time schedule for filing of GST returns Get to know the online procedure of filing GST return in India. Also, we provide each and every GST form according to the taxpayers’ category. Read more . Some returns of May 2020, which would have otherwise got filed in June 2020, will get filed during the first few days of July 2020.”

The outbreak of coronavirus is still impacting the revenue collections of the government. All the relaxations provided by the government to support the taxpayers has also affected the collections. However, the collections of the month has shown an increase as compared to that in the preceding months. The department is still waiting for several taxpayers to file the return. The notification also read, “The GST collections for the month of April In India, the COVID-19 pandemic has adversely affected the Goods and Service Tax collection. GST collection for the month of March and April have considerably. Read more was ₹ 32,294 crore which was 28% of the revenue collected during the same month last year and the GST collections for the month of May was ₹ 62,009 crore which was 62%of the revenue collected during the same month last year. The GST collections for the first quarter of the year is 59%of the revenue collected during the same quarter last year. However, a large number of taxpayers still have time to file their return for the month of May, 2020″

GST Collections in Top 10 States

Sr. No.StatesJune 2019 (₹)June 2020 (₹)Year Growth 2020 (%)
1Maharashtra15,14314,987-1
2Karnataka6,6596,7101
3Gujarat6,4246,025-6
4Tamil Nadu5,8814,976-15
5Uttar Pradesh5,3665,194-3
6Haryana4,8893,697-24
7Delhi3,5953,249-10
8West Bengal3,5143,128-11
9Telangana3,1663,2763
10Odisha2,9232,694-8

Read Official Press Release

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Devesh Sharma (Ex-employee)
Devesh, an internet enthusiast, likes to surf different websites to gather reliable and accurate data and is very passionate about writing, Currently placed as a Content Writer at SAG Infotech is into writing about different tax-related contents and is willing to go beyond the perimeters to write more precisely, his articles offer great details to the facts and the products. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Tax Experts

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Best Offer for Tax Professionals

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates