Economy Revival? November GST Collection Stands At ₹1.04 Lakh Crore

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NEW DELHI: The gross GST revenue collected in the month of November 2020 is ₹1,04,963 crore of which CGST is ₹ 19,189 crore, SGST is ₹ 25,540 crore, IGST is ₹51,992 crore (including ₹22,078 crores collected on import of goods) and Cess is ₹ 8,242crore (including ₹ 809 crores collected on import of goods).

The total number of GSTR-3B Returns filed for the month of November is 82 lakhs.

The government has settled ₹22,293 crores to CGST and ₹16,286 crores to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November 2020 is ₹ 41,482 crores for CGST and ₹41,826 crores for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4% higher than the GST revenues in the same month last year.


During the month, revenues from import of goods were 4.9% higher and the revenues from the domestic transaction (including import of services) are 0.5% higher than the revenues from these sources during the same month last year.

GST revenue had topped ₹1 lakh crore in 8 out of 12 months of 2019-20. However, in the current fiscal, the revenue has taken a hit due to the lockdown and the consequent slowdown in the economy.

Revenue in April was ₹32,172 crore, May ( ₹62,151 crore), June ( ₹90,917 crore), July ( ₹87,422 crore), August ( ₹86,449 crore), September ( ₹95,480 crore), October ( ₹1,05,155 crore) and November ( ₹1,04,963 crore).


The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of November 2020 as compared to November 2019.

 

State-wise growth of GST Revenues during Nov 2020[1]

State Nov-19 Nov-20 Growth
Jammu and Kashmir 363 360 -1%
Himachal Pradesh 701 758 8%
Punjab 1,375 1,396 2%
Chandigarh 165 141 -14%
Uttarakhand 1,280 1,286 0%
Haryana 5,904 5,928 0%
Delhi 3,995 3,413 -15%
Rajasthan 3,071 3,130 2%
Uttar Pradesh 5,678 5,528 -3%
Bihar 1,107 970 -12%
Sikkim 157 223 42%
Arunachal Pradesh 36 60 68%
Nagaland 23 30 31%
Manipur 35 32 -9%
Mizoram 17 17 0%
Tripura 51 58 13%
Meghalaya 117 120 2%
Assam 958 946 -1%
West Bengal 3,460 3,747 8%
Jharkhand 1,720 1,907 11%
Odisha 2,347 2,528 8%
Chhattisgarh 2,176 2,181 0%
Madhya Pradesh 2,453 2,493 2%
Gujarat 6,805 7,566 11%
Daman and Diu 101 2 -98%
Dadra and Nagar Haveli 145 296 105%
Maharashtra 15,968 15,001 -6%
Karnataka 6,972 6,915 -1%
Goa 342 300 -12%
Lakshadweep 2 0 -75%
Kerala 1,691 1,568 -7%
Tamil Nadu 6,449 7,084 10%
Puducherry 157 158 1%
Andaman and Nicobar Islands 25 23 -7%
Telangana 3,349 3,175 -5%
Andhra Pradesh 2,230 2,507 12%
Ladakh 9
Other Territory 153 79 -48%
Centre Jurisdiction 95 138 45%
Grand Total 81,674 82,075 0.5%

Meanwhile:

GST officers have identified top 25,000 taxpayers who last month filed GST returns but have not yet done so for November and would personally follow up with them by sending SMS and email communications, sources said.

After a high-level review meeting of the Revenue Department officers, it was also decided that GST registration cancellation process can be started for about 5.43 lakh taxpayers who have not filed their returns for the last six or more months.

GST Network, which handles the IT backbone for Goods and Services Tax, along with tax officials would persuade these 25,000 taxpayers who have defaulted on the filing of GSTR-3B returns by the due date, i.e., by November 20, 2020, for the month of October.


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