January 23, 2020
The GST collection has crossed 1 Lakh Cr for the second consecutive month. This indicates that the consumption has boosted despite all the initial chaos about GST. It is estimated that the record GST collection made in the month of December last year is about 9% higher than that of the previous year. In December 2019, the GST collected totaled to Rs.1.03 lakh Cr and that of December 2018 was Rs.94726 Cr. The disintegrated collection made under GST is as follows:
Central GST = Rs.19962 Cr
State GST = Rs.26792 Cr
Integrated GST = Rs. 48099 Cr
Additionally, the Cess collected amounted to Rs.8331 Cr and collection from imports summed up to Rs.21295 Cr. In the FY 2019-20, the amount of GST collected crossed the 1 lakh Cr line in the months of April, May, July, November and December. The amount that surpassed Rs.1 lakh Cr mark all these months are definitely supportive for the otherwise diminishing economic progression of the country. However, it is generally opined that GST system is still not steadied even after its introduction that dates back to July 2017.
Jammu & Kashmir has shown the most progressive collection that rate at 40% year-on-year increase (Rs.409 Cr) in December among provinces. The highest GST collection is recorded in Maharashtra that totals to Rs.16530 Cr which is a 22% increase as compared to December 2018. Other states that have the maximum collection recorded include Gujarat, Uttar Pradesh, Haryana, Tamil Nadu and Karnataka.
The government has calculatingly taken the necessary steps to improve the revenue collections. Revenue Secretary Ajay Bhushan Pandey has issued directions to the senior officials regarding this. As per the statement issued by the Ministry of Finance, “GST revenues in December 2019 from domestic transactions have shown an impressive growth of 16% over revenues collected in December 2018.” The total number of GSTR 3B returns filed for November till December 31, 2019 was 81.21 lakh.
In the below table, state-wise GST collection is compared between December 2018 and December 2019 and the resulting Growth percentage is illustrated for readers’ quick view:
|
State |
December 2018 |
December 2019 |
Growth In % |
|
Andaman& Nicobar Island |
22 |
30 |
36 |
|
Andhra Pradesh |
2049 |
2265 |
11 |
|
Arunachal Pradesh |
26 |
58 |
124 |
|
Assam |
743 |
991 |
33 |
|
Bihar |
909 |
1016 |
12 |
|
Chandigarh |
143 |
168 |
18 |
|
Chhattisgarh |
1852 |
2136 |
15 |
|
Dadra & Nagar Haveli |
129 |
154 |
20 |
|
Daman and Diu |
77 |
94 |
22 |
|
Delhi |
3146 |
3698 |
18 |
|
Goa |
342 |
363 |
6 |
|
Gujarat |
5619 |
6621 |
18 |
|
Haryana |
4646 |
5365 |
15 |
|
Himachal Pradesh |
595 |
699 |
18 |
|
Jammu& Kashmir |
293 |
409 |
40 |
|
Jharkhand |
1995 |
1943 |
-3 |
|
Karnataka |
6209 |
6886 |
11 |
|
Kerala |
1416 |
1651 |
17 |
|
Lakshadweep |
4 |
1 |
-78 |
|
Madhya Pradesh |
2094 |
2434 |
16 |
|
Maharashtra |
13524 |
16530 |
22 |
|
Manipur |
27 |
44 |
64 |
|
Meghalaya |
108 |
123 |
14 |
|
Mizoram |
13 |
21 |
60 |
|
Nagaland |
17 |
31 |
88 |
|
Odisha |
2347 |
2383 |
2 |
|
Pondicherry |
152 |
165 |
9 |
|
Punjab |
1162 |
1290 |
11 |
|
Rajasthan |
2456 |
2713 |
10 |
|
Sikkim |
150 |
214 |
43 |
|
Tamil Nadu |
5415 |
6422 |
19 |
|
Telangana |
3014 |
3420 |
13 |
|
Tripura |
48 |
59 |
24 |
|
Uttarakhand |
1055 |
1213 |
15 |
|
Uttar Pradesh |
4957 |
5489 |
11 |
|
West Bengal |
3230 |
3748 |
16 |
|
GRAND TOTAL |
69983 |
80849 |
16 |
