Items and repair tax (GST) collections for June 2020 clocked Rs 90,917 crore at gross ranges, 9% decrease than the identical month final 12 months, the division of income stated Wednesday.
The collections are greater than these recorded in April and Could – the height months of lockdown because of the Covid 19 pandemic – the place GST assortment for April was Rs 32,294 crore and Rs 62,009 crore for Could.
Nevertheless, for each months, the collections had been decrease than these in 2019. Collections in April had been down 72% on-year and 38% down on-year in Could.
For the month of June, of complete collections of Rs 90,917 crore, CGST was Rs 18,980 crore, SGST was Rs 23,970 crore, IGST was Rs 40,302 crore, together with Rs 15,709 crore collected on import of products and Cess was Rs 7,665 crore, together with Rs 607 crore collected on import of products.
The federal government stated GST assortment for the primary quarter of the 12 months was 41% lower than the income collected throughout the identical quarter final 12 months, however a lot of taxpayers nonetheless have time to file their return for the month of Could, 2020 until early this month.
“Since authorities has allowed a relaxed time schedule for submitting of GST returns, returns of the month of April, March in addition to some returns of February obtained filed throughout June, 2020 and a few returns of Could, 2020, which might have in any other case obtained filed in June, will get filed throughout first few days of July,” the division stated.