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Government collected Rs 1.30 lakh crores as GST for October

Sumit Arora Published On November 8th, 2021 Leave a comment

Gross Goods and service tax (GST) collection for the month of October came in at Rs 1,30,127 crore, the second-highest collection since GST was implemented in July 2017. The highest-ever GST collection of ₹ 1.41 lakh crore was recorded in April 2021. Revenues for the month are 24% higher year-on-year.

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Of the gross GST revenue collected in October, Rs 23,861 crore was towards CGST, Rs 30,421 crore was towards SGST and Rs 67,361 crore was towards IGST, and Cess amounted to Rs 8,484 crore. According to the decision taken by the GST Council, back to back the loan of Rs 1.59 lakh crore has been released in advance in lieu of a shortfall in the release of GST compensation during the current fiscal.

List of previous months GST Collection:

September 2021: Rs. 1,17,010 crores
August 2021: Rs. 1.12 lakh crores
July 2021: Rs. 1,16,393 crores
June 2021: Rs. 92,849 crores
May 2021: Rs. 1,02,709 crores
April 2021: Rs. 1.41 lakh crores (All time Highest)
March 2021: Rs. 1.24 lakh crores
February 2021: Rs 1,13,143 crores
January 2021: Rs. 1,19,847 crores

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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