SHILLONG, Oct 1: Indicating green shoots of economic recovery, Meghalaya has registered an impressive growth of 20 per cent in terms of GST revenue collected by the state government in September 2021 in comparison to the figures of September 2020, when revenue worth Rs 100 crore was collected.
This September, the state generated Rs 120 crore marking a growth of 20 per cent
According to the Union Ministry of Finance, the gross GST revenue collected in September this year is Rs 1.17 lakh crore, of which CGST is Rs 20,578 crore, SGST is Rs 26,767 crore, IGST is Rs 60,911 crore (including Rs 29,555 crore collected on import of goods) and Cess is Rs 8,754 crore (including Rs 623 crore collected on import of goods).
The government has settled Rs 28,812 crore to CGST and Rs 24,140 crore to SGST from IGST as regular settlement.
The total revenue of Centre and the states after regular settlements in September, according to a statement of the Ministry, is Rs 49,390 crore (CGST) and Rs 50,907 crore (SGST).
Overall, the revenues for the month of September 2021 are 23 per cent higher than the GST revenues in the same month last year.
In September 2021, revenues from import of goods were 30 per cent higher and the revenues from domestic transaction (including import of services) were 20 per cent higher than the revenues from these sources during the same month last year.
“This clearly indicates that the economy is recovering at a fast pace. Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections. It is expected that the positive trend in the revenues will continue and the second half of the year will post higher revenues,” the ministry said.
