New Delhi: The gross goods and services tax (GST) revenue collected in the month of October 2021 has been pegged at Rs 1,30,127 crore of which CGST is Rs 23,861 crore, SGST Rs 30,421 crore, IGST is Rs 67,361 crore including Rs 32,998 crore collected on import of goods and cess is Rs 8,484 crore including Rs 699 crore collected on import of goods.

The government has settled Rs 27,310 crore to CGST and Rs 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of October 2021 is Rs 51171 crore for CGST and Rs 52,815 crore for the SGST. The revenues for the month of October 2021 are 24 per cent higher than the GST revenues in the same month last year and 36 per cent over 2019-20.

The GST revenues for October have been the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues. This is very much in line with the trend in economic recovery. This is also evident from the trend in the e-way bills generated every month since the second wave. The revenues would have still been higher if the sales of cars and other products had not been affected on account of disruption in supply of semiconductors. 

During the past one year, GSTN has augmented the system capacity considerably to improve user experience. On the other hand, the Council has also taken various steps to discourage non-compliant behaviour, like blocking of e-way bills for non-filing of returns, system-based suspension of registration of taxpayers who have failed to file six returns in a row and blocking of credit for return defaulters. /BI/