New Delhi: Gujarat has registered 15 percent year-on-year growth in GST collection in October 2020 compared to same month last year. This indicates that economic activities in the State have regain normalcy after slump related to COVID-19 pandemic. Some recovery with slight growth in Gujarat was already witnessed last month as the State registered 6 per cent year-on-year growth in GST collection compared to September 2019. In August 2020, the State had witnessed 3 percent slide in GST collection compared to same month last year due to COVID-19 pandemic related conditions. The State also witnessed huge cut in GST collection in the months of March, April, May, June, July due to COVID-19 pandemic.

As per the figures released by the Centre, Gujarat had Rs. 6030 crore GST collection in August 2020, Rs. 6060 crore in September and Rs. 6787 crore in October.

Nationwide picture:

The gross GST revenue collected in the month of October, 2020 is Rs. 1,05,155crore of which CGST is Rs. 19,193 crore, SGST is Rs. 25,411 crore, IGST is Rs. 52,540 crore (including Rs. 23375crore collected on import of goods) and Cess is Rs. 8,011crore (including Rs. 932 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31^stOctober, 2020 is 80 lakh.

The government has settled Rs. 25,091 crore to CGST and Rs. 19,427 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 October, 2020 is Rs. 44,285 crore for CGST and Rs. 44,839 crore for the SGST.

The revenues for the month are 10% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 9% higher and the revenues from domestic transaction (including import of services) are11% higher that the revenues from these sources during the same month last year. The growth in GST revenue as compared to that in months of July, August and September, 2020 of -14%, -8% and 5% respectively clearly shows the trajectory of recovery of the economy and, correspondingly, of the revenues.

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 October, 2020 as compared to October, 2019 and for the full year.

Table: State-wise GST collection for April 2020