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GST collections in August at over Rs 1.12 lakh crore

GST collections in August at over Rs 1.12 lakh crore_50.1

GST revenue remained above Rs 1 trillion marks for the second straight month in August at over Rs 1.12 trillion, 30 per cent higher than the collection in the year-ago period. The mop-up in August is, however, lower than Rs 1.16 trillion collected in July 2021. Which Central GST is Rs 20,522 crore, State GST is Rs 26,605 crore, Integrated GST is Rs 56,247 crore (including Rs 26,884 crore collected on import of goods) and Cess is Rs 8,646 crore (including Rs 646 crore collected on import of goods).

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The revenues for the month of August 2021 are 30 per cent higher than the GST revenues in the same month last year. In August 2020, the Goods and Services Tax (GST) collection was Rs 86,449 crore. Compared to the August 2019 revenues of Rs 98,202 crore, this is a growth of 14 per cent. During August this year, the revenues from domestic transactions (including import of services) were 27 per cent higher than the revenues from these sources during the same month last year.

List of GST Collection previous months

  • July 2021: Rs 1,16,393 crore
  • June 2021: Rs 92,849 crore
  • May 2021: Rs 1,02,709 crore
  • April 2021: ₹1.41 lakh crore(All time Highest)
  • March 2021: Rs. 1.24lacs cr.
  • Feb 2021: Rs 1,13,143 crore
  • January 2021: ₹ 1,19,847 crore

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GST collections in August at over Rs 1.12 lakh crore_60.1

GST collections in August at over Rs 1.12 lakh crore_70.1

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