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| ₹ 92,849 crores gross GST revenue collected in June’ 2021 | GST Revenue collection for June2021, Picture Courtesy: Rodnae Productions |
New Delhi (Lisbon Times):- The gross GST revenue collected in the month of June’ 2021 is₹92,849 crore of
which CGST is ₹16,424 crore, SGST is ₹20,397, IGST
is ₹49,079 crore (including ₹25,762 crore collected
on import of goods) and Cess is ₹6,949 crore (including ₹809
crore collected on import of goods). The above figure includes GST
collection from domestic transactions between 5thJune to 5th July’2021 since
taxpayers were given various relief measures in the form of waiver/reduction in
interest on delayed return filing for 15 days for the return filing month
June’21 for the taxpayers with the aggregate turnover uptoRs. 5 crore in the
wake of the covid pandemic second wave.
During
this month the government has settled ₹ 19,286 crores to CGST and ₹ 16,939 crores
to SGST from IGST as regular settlement.
The
revenues for the month of June 2021 are 2% higher than the GST
revenues in the same month last year.
GST
collection after posting above Rs. 1 lakh crore mark for eight months in a row,
the collection in June’2021 dropped below Rs. 1 lakh crore. The GST collection
for June’2021 is related to the business transactions made during May’2021.
During May’2021, most of the States/UTs were under either complete or partial
lockdown due to COVID. The e-way bill data for the month of May 2021 shows
that during the month, 3.99 crore e-way bills were generated as compared to
5.88 crore in the month of April 2021, down by more than 30%.
However, with a reduction in caseload and easing of lockdowns, the e-way bills generated during June 2021 is 5.5 crore which indicates recovery of trade and business. The daily average generation of e-way bill for the first two weeks of April 2021 was 20 lakh, which came down to 16 lakh in last week of April 2021 and further to 12 lakh in the two weeks between 9th to 22nd May. Thereafter, the average generation of e-way bills has been increasing and has reached again to 20 lakh level since the week beginning 20th June. Therefore, it is expected that while the GST revenues have dipped during the month of June, the revenues will see an increase again from July 2021 onwards.
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