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GST Revenue Collection for March, 2020

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..... GST Revenue Collection for March, 2020 - Goods and Services Tax - GST Dated:- 1-4-2020 - News - GST Revenue Collection for March, 2020 ₹ 97,597 Crore of gross GST revenue collected The gross GST revenue collected in the month of March, 2020 is ₹ 97,597crore of which CGST is ₹ 19,183 crore , SGST is ₹ 25,601 crore , IGST is ₹ 44,508 crore (including ₹ 18,056 crore collected on imports) and Cess is ₹ 8,306 crore (including ₹ 841 crore collected on imports). The total number of GSTR-3B Returns filed for the month of February up to 31 st March, 2020 is 76.5 lakh. The government has settled ₹ 19,718 crore to CGST and ₹ 14,915 crore to SGST from .....

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..... IGST as regular settlement. Inaddition,Centre has also apportioned unsettled balance IGST of ₹ 6000 crores on ad-hoc basis in the ratio of 50:50 between centre and States/UTs.The total revenue earned by Central Government and the State Governments after regular settlement in the month of March, 2020 is ₹ 41,901 crore for CGST and ₹ 43,516 crore for the SGST. The GST revenues during the month of March, 2020 from domestic transactions has shown anegative growth of 4% over the revenue during the month of March, 2019. Taking into account the GST collected from import of goods, the total revenue during March, 2020has also decreased by 8% in comparison to the revenue during March, 2019. During this month, the GST on i .....

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..... mport of goods has shown a negative growth of (-) 23% as compared to March, 2019. For the full financial year, 2019-20, the GST for domestic transaction has shown a growth rate of 8% over the revenues during last year. During the year, GST from import on goods fell down by 8% as compared to last year. Overall, gross GST revenues grew at 4% over the last year s GST revenue. The chart 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 March, 2020 as compared to March, 2019 and for the full year. State-wise GST Collections during March 2020 State Mar-19 .....

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..... Mar-20 Growth 2018-19 2019-20 Growth Jammu and Kashmir 388 276 -29% 3,792 4,010 6% Himachal Pradesh 660 596 -10% 7,593 7,960 5% Punjab 1,166 1,181 1% 13,979 15,235 9% Chandigarh 162 153 -5% .....

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..... 1,779 1,988 12% Uttarakhand 1,451 1,195 -18% 15,150 14,722 -3% Haryana 4,561 4,874 7% 55,233 59,560 8% Delhi 3,722 3,273 -12% 39,845 44,161 11% Rajasthan 3,132 2,820 -10% 30,722 32,821 7% .....

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..... Uttar Pradesh 5,548 5,294 -5% 61,337 65,281 6% Bihar 1,177 1,056 -10% 10,755 12,640 18% Sikkim 160 189 19% 1,917 2,248 17% Arunachal Pradesh 85 67 -22% 398 581 46% Nagaland 46 39 .....

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..... -16% 227 317 40% Manipur 46 36 -22% 309 435 41% Mizoram 50 33 -33% 213 296 39% Tripura 64 67 5% 556 680 22% Meghalaya 127 133 5% 1,368 1,522 11% Assam .....

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..... 956 932 -3% 8,989 10,423 16% West Bengal 3,841 3,582 -7% 39,780 43,386 9% Jharkhand 2,149 2,049 -5% 23,916 22,847 -4% Odisha 2,626 2,633 0% 26,952 29,677 10% Chhattisgarh 2,143 2,093 -2% 22 .....

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..... ,932 24,160 5% Madhya Pradesh 2,624 2,407 -8% 25,683 28,354 10% Gujarat 6,521 6,820 5% 73,440 78,923 7% Daman and Diu 103 95 -8% 1,105 1,155 5% Dadra and Nagar Haveli 174 169 -3% 1,718 1,810 5% .....

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..... Maharashtra 15,596 15,002 -4% 1,70,289 1,85,917 9% Karnataka 6,983 7,144 2% 78,763 83,408 6% Goa 389 316 -19% 4,103 4,280 4% Lakshadweep 1 1 54% 20 20 2% Kerala 1,635 1,475 -10% .....

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..... 16,343 19,234 18% Tamil Nadu 6,941 6,178 -11% 70,562 74,430 5% Puducherry 184 149 -19% 1,924 1,871 -3% Andaman Nicobar Islands 28 39 40% 297 361 21% Telangana 3,897 3,563 -9% 36,408 39,820 9% .....

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..... Andhra Pradesh 2,589 2,548 -2% 25,331 27,108 7% Other Territory 167 133 -21% 2,484 1,753 -29% Center Jurisdiction 74 81 10% 580 1,003 73% Total 82,165 78,700 -4% 8,76,794 9,44,414 8% - News - Press release - PIB Tax Man .....

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..... agement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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