Another good news from Delhi is that the gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore, as per finance ministry data accessed by JharkhandStateNews.
Of this amount CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crores collected on import of goods) and Cess is ₹ 7,790 crore (including ₹ 815 crores collected on import of goods).
The above figure includes GST collection received from GSTR-3B returns filed between 1st July 2021 to 31st July 2021 as well as IGST and cess collected from imports for the same period.
The GST collection for the returns filed between 1st July to 5th July 2021 of ₹ 4,937 crores had also been included in the GST collection in the press note for the month of June2021since taxpayers were given various relief measures in the form of waiver/reduction in interest on delayed return filing for 15 days for the return filing month June 21 for the taxpayers with the aggregate turnover uptoRs. 5 crore in the wake of the covid pandemic second wave.
The government has settled ₹ 28,087 crores to CGST and ₹ 24100 crores to SGST from IGST as regular settlement. The total revenue of the Centre and the States after regular settlement in the month of July 2021 is ₹ 50284 crore for CGST and ₹ 52641 crores for the SGST.
The revenues for the month of July 2021 are 33% higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 36% higher and the revenues from the domestic transactions (including import of services) are 32% higher than the revenues from these sources during the same month last year.--------------------------Advertisement--------------------------