Gross Goods and Services Tax (GST) collections grew 10.2 per cent to over Rs 1.62 lakh crore in September (for sales in August), crossing the Rs 1.6 lakh crore mark for the fourth time in the current financial year, data released by the Finance Ministry on Sunday showed. Pickup in consumption and economic activity along with settlement through payments by businesses before the limitation deadline of September 30 for notices related to financial year 2017-18 seems to have aided the rise in GST collections.
In August, the GST collection was Rs 1,59,069 crore. The total GST collections stood at Rs 1,62,712 crore in September, out of which Central GST — the tax levied on intra-state supplies of goods and services by the Centre — was Rs 29,818 crore, State GST — the tax levied on intra-state supplies of goods and services by the states — was Rs 37,657 crore, Integrated GST — the tax levied on all inter-state supplies of goods and services — was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods).
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