Goods and Services Tax (GST) collections in October stood at over ₹ 1.05 lakh crore, crossing for the first time ₹ 1 lakh crore mark since February this year, the finance ministry said on Sunday.
The total number of GSTR-3B returns filed till October 31, 2020, is 80 lakh.
The gross Goods and Services Tax(GST) revenue collected in October, 2020 is ₹ 1,05,155 crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore (including ₹ 23375 crore collected on import of goods) and Cess is ₹ 8,011 crore (including ₹ 932 crore collected on import of goods), the ministry said in a statement.
The revenue for the month is 10 per cent higher than ₹ 95,379 crore collected in the same month last year.
The Goods and Services Tax (GST) collections fell from the psychologically important ₹ 1 lakh crore mark as the lockdown imposed to contain the COVID-19 spread dented economic activity. PTI