GST Revenue collection for July 2020

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..... GST Revenue collection for July 2020 - Goods and Services Tax - GST Dated:- 1-8-2020 - News - GST Revenue collection for July 2020 ₹ 87,422 crore gross GST revenue collected in July The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore , SGST is ₹ 21,418 crore , IGST is ₹ 42,592 crore (includin .....

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..... g ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807crore collected on import of goods). The government has settled ₹ 23,320 crore to CGST and ₹ 18,838 crore 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 July .....

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..... ,2020 is ₹ 39,467 crore for CGST and ₹ 40,256 crore for the SGST. The revenues for the month are 86 % of the GST revenues in the same month last year. During the month, the revenues from import of goods were 84 % and the revenues from domestic transaction (including import of services) were 96% of the revenues from these sources during the same month last year. The .....

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..... revenues for the last month were higher than the current month. However, it is important to note that during the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19. It may also be noted that the taxpayers with turnover less than ₹ 5 core continue to enjoy relaxation in filing of returns t .....

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..... ill September 2020. 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 July 2020 as compared to July, 2019 and for the full year. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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