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GST Collections Rise To ₹ 95,480 Crore In September, Highest Since Lockdown
The government’s collection of Goods and Services Tax (GST) climbed to ₹ 95,480 crore in September, in signs of economic revival and return of demand due to lifting of COVID-19-related restrictions. That marked the highest level of GST collection in a month since the beginning of the lockdown to curb the spread of GST. The latest reading was 4 per cent higher compared to the corresponding month last year, and nearly three-times the mop-up in April 2020.
Gross GST revenue collected in September 2020 stood at ₹ 95,480 crore, the Finance Ministry in a statement. That included collection of ₹ 17,741 crore under Central GST, ₹ 23,131 crore under State GST, and ₹ 47,484 crore under Integrated GST.
The September tally also included the collection of ₹ 22,442 crore on import of goods, and cess of ₹ 7,124 crore (including ₹ 788 crore collected on import of goods), according to official data.
GST collections were at ₹ 86,449 crore in August, Rs 87,422 crore in July, Rs 90,917 crore in June, ₹ 62,151 crore in May and ₹ 32,172 crore in April.
The government imposed a nationwide lockdown from March 25 to curb the spread of COVID-19 infections, and started easing restrictions in late May.
A modest increase in GST collections (year-on-year) indicates that the economic recovery process is underway, with some key large states also reporting increased collections,” said MS Mani, senior director at Deloitte India.
“If the present trends of GST collections continue, we should be hopeful of significant increases in the coming months based on the unlock steps taken in various states and the festival season ahead,” he added.
Echoing similar views, EY tax partner Abhishek Jain said the collections have shown decent growth with a significant part of the economy resuming operations and international trade gathering pace. “The increased revenues indicate reinstatement of normalcy in business operations and provides an in general optimistic outlook,” he added.
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Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
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