In June 2020, the Goods and Services Tax (GST) revenue collection reached Rs. 90,917 crore, which is 91% of the amount collected in June of the previous year. This figure reflects a significant recovery in GST revenues, with domestic transactions showing a 97% recovery compared to last year. The collections have been impacted by COVID-19, both economically and due to extended deadlines for tax filings.
GST Revenue collection for June, 2020
Rs. 90,917 crore gross GST revenue collected in the month of June
The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods).
The government has settled Rs. 13,325crore to CGST and Rs. 11,117crore to SGST from IGS
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FAQ :
The gross GST revenue collected in June 2020 was Rs. 90,917 crore.
The GST revenues for June 2020 were 91% of the GST revenues collected in the same month last year.
Revenues from the import of goods were 71% of last year's figures, while revenues from domestic transactions (including services) were 97% of last year's figures.
GST revenues have been impacted by the economic effects of COVID-19 and government-provided relaxations on filing deadlines and tax payments.
Yes, figures from the past three months, including April, May, and June 2020, show a recovery trend in GST revenues.