GST REVENUE COLLECTION – A GLANCE

[Mr. M. GOVINDARAJAN]

Introduction

GST was introduced with effect from 01.07.2017 with the motto ‘One Tax One Nation’.  The then indirect taxes except customs were subsumed in GST.    There are four types of  tax in GST viz., Central Tax, State/Union Territory Tax, Integrated tax and Compensation cess.  For central tax, state/union territory tax and integrated tax there are nearly 4 slab rates viz., 5%, 12%, 18% and 28%.  In this article the GST revenue collection from the date of inception to March 20202 was analyzed.

Gross GST Collection

Table – 1

Gross GST Collection from 2017 – 18 to 2019 - 20

(in crores)

Month	2017-18	2018-19	2019-20
April		103459	113865
May		94016	100289
June		95610	99939
July	21572	96483	102083
August	95633	93960	98202
September	94064	94442	91916
October	93333	100710	95380
November	83780	97637	103492
December	84314	94725	103184
January	89825	102503	110818
February	85962	97247	105366
March	92167	106577	97579
TOTAL	740650	1177369	1222131

Source: www.gstcouncil.gov.in

From the above it can be inferred that the collection of GST has witnessed up and down but it has gradually stabilized with passage of time.  The GST Council observed that GST Revenue (before settlement) had witnessed a growth rate of 19.4% in the corresponding period of 2018 – 19 over 2017 – 18.  Further GST Revenue’s growth in 2019 – 20 was 3.8% over the previous financial year i.e., 2018 -19.

Central Tax Revenue

A comparative analysis of central tax revenue accrued to the Central Government for the last three financial years are represented in the following table-

Table  - 2

Central Tax Revenue from 2017-18 to 2019 - 20

(in crores)

Month	2017-18	2018-19	2019-20
April		18653	21163
May		15866	17811
June		15968	18366
July	10	15877	17912
August	15252	15303	17733
September	15131	15318	16630
October	14962	16464	17582
November	13690	16812	19592
December	13928	16442	19962
January	14874	17763	20944
February	14763	17625	20569
March	16266	20353	19183
TOTAL	118876	202444	227447

Source: www.gstcouncil.gov.in

From the above table it can be inferred that the revenue accrues to the Central Government is on the increase.   In the first of implementation of GST it is somewhat less for the 8 months.  April 2019 witnesses the highest collection among the period from 2017 – 18 to 2019 – 20.

State/Union Territory Tax Revenue

A comparative analysis of State/Union Territorhy tax revenue accrued to the Central Government for the last three financial years are represented in the following table-

Table – 3

State/Union Territory Tax Revenue from 2017 – 18 to 2019 - 20

(in crores)

Month	2017-18	2018-19	2019-20
April		25704	28801
May		21691	24462
June		22021	25343
July	10	22293	25008
August	23257	21154	24239
September	21979	21061	22598
October	22345	22826	23674
November	20294	23070	27144
December	19700	22459	26792
January	21542	24826	28224
February	20621	24192	27348
March	22055	27520	25601
TOTAL	171803	278817	309234

Source: www.gstcouncil.gov.in

From the above table it can be inferred that the revenue has shown 10.9% in the financial year 2019 – 20 when compared to the previous financial year 2018 – 19.

State/Union territory wise collection

The State/Union Territory wise tax collection revenue in the financial years 2018- 19 and 2019 – 20 and its growth rate in collection is tabulated as below-

Table – 4

State/Union Territory Tax Revenue State/Union Territory wise for 2018 – 19 and 2019 – 20

(in crores)

Sl. No.	State/Union Territory	2018-19	2019-20	Growth in %
1	Maharashtra	170289	185917	9
2	Karnataka	78763	83408	6
3	Gujarat	73440	78923	7
4	Tamil Nadu	70562	74430	5
5	Uttar Pradesh	61337	65281	6
6	Haryana	55223	59560	8
7	Delhi	39845	44161	11
8	West Bengal	39780	43386	9
9	Telangana	36408	39820	9
10	Rajasthan	30722	32821	7
11	Odisha	26952	29677	10
12	Madhya Pradesh	25683	28354	10
13	Andhra Pradesh	25311	27108	7
14	Chhattisgarh	22932	24160	5
15	Jharkhand	23916	22847	-4
16	Kerala	16343	19234	18
17	Punjab	13979	15235	9
18	Uttarakhand	15150	14722	-3
19	Bihar	10755	12640	18
20	Assam	8989	10423	16
21	Himachal Pradesh	7593	7960	5
22	Goa	4103	4280	4
23	Jammu & Kashmir	3792	4010	6
24	Sikkim	1917	2248	17
25	Chandigarh	1779	1988	12
26	Puduchery	1924	1871	-3
27	Dadra & Nag	1718	1810	5
28	Other territory	2484	1753	-29
29	Meghalaya	1368	1522	11
30	Daman & Diu	1105	1155	5
31	Center Jurisdiction	580	1003	73
32	Tripura	556	680	22
33	Arunachal Pradesh	398	581	46
34	Manipur	309	435	41
35	Andaman & Nicobar	297	361	21
36	Nagaland	227	317	40
37	Mizoram	213	296	39
38	Lakshadweep	20	20	2
TOTAL		876794	944414	8

Source: www.gstcouncil.gov.in

From the above table it can be inferred that Maharashtra witnessed the highest collection followed by Karnataka, Gujarat and Tamil Nadu.  Except 4 States/Union  territories all other States/Union Territories witnessed the growth in the financial year 2019 – 20 than in the financial year 2018 – 19.  Kerala and Bihar witnessed 18% growth.  The small Union territories have witnessed more than 40% growth in collection.   Overall growth is 8%.

Integrated tax Revenue

A comparative analysis of integrated tax revenue accrued to the Central Government for the last three financial years by way of domestic supply and import, are represented in the following table-

Table – 5

Integrated Tax Revenue from 2017 – 18 to 2019 - 20

Month	2017- 18			2018 - 19			2019 - 20
	Domes	Import	Total	Domes	Import	Total	Domes	Import	Total
April				29302	21246	50548	31444	23289	54733
May				24673	24447	49120	25016	24875	49891
June				25005	24493	49498	25792	21980	47772
July	32	20296	20958	25009	24852	49951	26366	24246	50612
Aug	26901	23068	49968	23363	26512	49875	24140	24818	48958
Sep	25000	23929	48930	24762	25308	50070	22972	22097	45069
Oct	25879	22116	47995	26511	26908	53419	25071	21446	46517
Nov	22667	20026	42694	25593	24133	49726	28080	20948	49028
Dec	22048	20717	42765	24301	23635	47936	26804	21295	48099
Jan	23793	21546	45338	27169	24056	51225	29532	23481	53013
Feb	22779	19603	42382	25569	21384	46953	27758	20745	48503
Mar	23993	22333	46326	26897	23521	50418	26452	18056	44508
Total	193092	194264	387356	308244	290495	598739	319427	267276	586703

Source: www.gstcouncil.gov.in

From the above table it can be inferred that  the integrated tax collected on imports shows a negative growth of 8% but the integrated tax collection on domestic supply has witnessed a growth of 3.6% in the Financial year 2019 - 20 when compared to the financial year 2017 – 18.

Compensation Cess collection

The GST compensation cess is collected for the purpose of compensating States if they have any loss of revenue due to the implementation of GST from 01.07.2017 to 31.06.2022.

The compensation cess collected financial year wise (domestic as well as import) is given in the below table-

Tale - 6

FINANCIAL YEAR WISE COMPENSATION CESS COLLECTION

(in crores)

Financial Year	Domestic	Import	Total
2017 – 18	56319	6295	62614
2018 – 19	87290	10080	97370
2019 – 20	88306	10443	98749

Source: www.gstcouncil.gov.in.

From the above table it can be inferred that the Cess collction has witnessed only 1.4% in the financial year 2019 – 20 when compared to the financial year 2018 – 19.  The cess collected through domestic supply has witnessed 3.6% growth and the cess collected through import has witnessed 1.2% growth in the financial year 2019 – 20 than the financial year 2018 – 19.

In the below table the compensation cess collection month wise is shown-

Table 7

MONTHWISE COMPENSATION CESS COLLECTION

(in crores)

Month	2017 - 18			2018 - 19			2019 - 20
	Domestic	Import	Total	Domestic	Import	Total	Domestic	Import	Total
April				7852	702	8554	8115	1053	9168
May				6485	854	7339	7172	953	8125
June				7349	773	8122	7581	876	8457
July	0	593	593	7568	794	8362	7754	797	8551
Aug.	6608	548	7156	6779	849	7628	6432	841	7273
Sep.	7302	722	8024	7224	769	7993	6892	728	7620
Oct.	7291	740	8032	7045	955	8100	6833	774	7607
Nov.	6420	683	7103	7189	842	8031	6858	869	7727
Dec.	7164	758	7922	7051	838	7889	7484	847	8331
Jan.	7282	788	8070	7788	902	8690	7813	824	8637
Feb.	7550	645	8195	7566	910	8476	7907	1040	8947
Mar.	6702	818	7520	7395	891	8286	7465	841	8306
Total	56319	6295	62614	87290	10080	97370	88306	10443	98749

Source: www.gstcouncil.gov.in