GST Revenue collection for July 2020

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....ST Revenue collection for July 2020 <br>GST<br>Dated:- 1-8-2020<br><BR>GST Revenue collection for July 2020 &#8377; 87,422 crore gross GST revenue collected in July The gross GST revenue collected in the month of July, 2020 is &#8377; 87,422 crore of which CGST is &#8377; 16,147crore, SGST is &#8377; 21,418 crore, IGST is &#8377; 42,592 crore (including &#8377; 20,324 crore collected on import o....

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....f goods) and Cess is &#8377;7,265 crore (including &#8377; 807crore collected on import of goods). The government has settled &#8377; 23,320 crore to CGST and &#8377; 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,2020 is &#8377; 39,467 crore for CGST and &#8377; 40,256 cr....

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....ore 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 revenues for the last month were higher than the current month. However, it is im....

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....portant 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 &#8377; 5 core continue to enjoy relaxation in filing of returns till September 2020. The chart shows trends in monthly gross GST revenues during t....

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....he 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.<BR> News - Press release - PIB....