New Delhi: The gross GST (Goods and Service Tax) collected in Gujarat in the month of November, 2020 has been 11 per cent higher than collection of same month in previous year (November 2019). While in November 2019 the collection was Rs. 6,805 crore, in November 2020 it has been Rs. 7,566  crore.

The state had Rs. 6030 crore GST collection in August, Rs. 6060 crore in September and Rs. 6787 crore in October this year. In November it is Rs. 7,566 crore, a significant rise.

This indicates that economic activities have not just normalized after slump related to COVID-19 pandemic, but also increased in upward direction.

The State had registered 6 per cent year-on-year growth in GST collection in September 2020, compared to September 2019, 3 per cent slide in August compared to same month last year. The State had also witnessed huge slide in GST collection in the months of March, April, May, June, July due to COVID-19 pandemic.

Nationally, the gross GST revenue collected in the month of November, 2020 is Rs. 1,04,963 crore of which CGST is Rs. 19,189 crore, SGST is Rs. 25,540 crore, IGST is Rs. 51,992 crore (including Rs. 22,078 crore collected on import of goods) and Cess is Rs. 8,242crore (including Rs. 809 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 30^th November 2020 is 82 lakhs.

The government of India has settled Rs 22,293 crore to CGST and Rs 16,286 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 November 2020 is Rs 41,482 crore for CGST and Rs 41,826 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 4.9% higher and the revenues from domestic transaction (including import of services) are 0.5% higher that the revenues from these sources during the same month last year.

The chart below 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 November 2020 as compared to November 2019.

 

State-wise growth of GST Revenues during Nov 2020