Sandeep Dikshit
Tribune News Service
New Delhi, November 1
The high GST collection for the month of October has drawn satisfaction from the Centre, which said, “This is very much in line with the trend in economic recovery.”
24% higher Y-o-y
- The highest GST collection of Rs 1.41 lakh crore was recorded in April 2021
- Tax collection on goods sold and services rendered was 24% higher than in October 2020, and up 36% over 2019-20
The GST collection in October crossed Rs 1.30 lakh crore, the second highest since GST was introduced, said an official statement.
Revenue from import of goods was 39% higher and the revenue from domestic transactions was 19% higher as compared to the same month last year. The total revenue was 24% higher compared to the same month last year.
The intake from Punjab went up by 16%, from Rs 1,376 crore to Rs 1,595 crore. The revenue from Haryana increased just 3% mainly due to the slowdown in the auto industry as a result of chip shortage. Haryana clocked Rs 5,606 crore as against Rs 5,433 crore in the same month last year.
Punjab and Haryana had recorded a double-digit growth in September as compared to the same month last year. Punjab’s share in GST collection was 17% higher and that of Haryana 18% higher during the period.
The GST accrual from Himachal Pradesh fell marginally to Rs 689 crore from Rs 691 crore but GST from Delhi went up by a whopping 26% to Rs 4,045 crore from Rs 3,211 crore.
For all the latest business News Click Here
