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September GST Collection Touches More Than 94,000 Crores

September GST Collection

In September, the collection of Goods and Services Tax (GST) came up to INR 94,442 crore, when compared to INR 93,690 crore from the previous month. The data of GST collection was released by the Ministry of Finance on Monday.

The collection reached to this height as there were around 67 million GST returns filed in September. The finance ministry also mentioned the source and categorized the collections as per the GST.

In the details, the Ministry said that in the GST collection of INR 94,442 crore last month, the contribution of INR 15,318 crore was from Central GST (CGST).

While the contribution of INR 21,061 crore was from the State GST (SGST) and the remaining collections were of INR 50,070 crore was from the Integrated GST (INR 25,308 crore collected on imports) and applicable cess.

Read Also: ICAI Suggestions Based on GSTR 9 Annual GST Return Form To Council

Also, the ministry quoted that, after the settlement between the Central Government and the State Governments, INR 30,574 crores from CGST and INR 35,015 crores have been collected from SGST in September 2018.

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 Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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