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GST Collections Rise To ₹ 95,480 Crore In September, Highest Since Lockdown

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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.

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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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Also Read : US President Trump, first lady Melania test positive for Covid-19

Movie

The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

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The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

Madras High Court Grants Early Screenings of Vijay’s “Leo” Movie at 7 AM, Urges TN Government to Address Concerns

The Madras High Court has made a landmark decision in favor of the much-anticipated Tamil film “Leo,” starring actor Vijay. In a significant move, the court has granted permission for early screenings of the movie from 7 AM, urging the Tamil Nadu government to swiftly address any issues and facilitate the smooth release of the film. This decision marks a pivotal moment in the realm of Tamil cinema and the entertainment industry at large.

Historical Context:

The Indian film industry, particularly the Tamil film industry, has seen its share of controversies and challenges related to film releases. Issues such as censorship, political disputes, and public sentiment have often played a significant role in shaping the release schedules and screening times for films. Vijay, one of Tamil cinema’s most prominent actors, has been at the center of such controversies in the past. This decision by the Madras High Court is, therefore, particularly noteworthy.

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The Ruling:

The Madras High Court’s decision to permit early screenings of “Leo” comes as a response to a plea filed by the film’s producers. The court, while considering the plea, took into account various factors, including the film’s anticipated popularity and the prevailing circumstances. The court emphasized the importance of accommodating the audience’s interests and allowing them to enjoy the film without disruptions.

A Step Towards Normalization:

The court’s decision signifies a positive shift in the film industry, where release dates and screening times are often mired in controversy. By allowing screenings to commence at 7 AM, the court aims to reduce the chances of public unrest and congestion near theaters, especially in the wake of high-profile film releases.

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The Role of the Tamil Nadu Government:

The Madras High Court, in its ruling, also called upon the Tamil Nadu government to cooperate in ensuring a seamless release for the film. This cooperation extends to providing necessary security measures to maintain law and order around theaters during the early screenings.

Implications for the Entertainment Industry:

The decision is expected to set a precedent for the release of other highly anticipated films, not just in Tamil cinema but also in the broader Indian film industry. The court’s emphasis on the importance of accommodating the audience’s interests could lead to more flexible screening times for movies in the future.

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The Audience’s Perspective:

For moviegoers and fans of Vijay, this decision comes as a welcome relief. They can now look forward to enjoying the film without any undue delays or disruptions, ensuring a memorable cinematic experience.

In conclusion, the Madras High Court’s ruling to allow early screenings of Vijay’s “Leo” at 7 AM while urging the Tamil Nadu government to resolve any issues paves the way for a more audience-centric approach in the film industry. It is a landmark decision that highlights the importance of balancing the interests of filmmakers and the movie-loving public. This judgment is poised to make a positive impact on the release of future films, ushering in a new era of flexibility and convenience for cinema enthusiasts.

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