{"id":417,"date":"2022-06-01T17:31:49","date_gmt":"2022-06-01T16:31:49","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=7390"},"modified":"2022-06-01T17:32:26","modified_gmt":"2022-06-01T16:32:26","slug":"gst-revenue-collection-for-may-2021","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/gst-revenue-collection-for-may-2021\/","title":{"rendered":"GST Revenue collection for May 2021"},"content":{"rendered":"<p align=\"center\"><strong>1,02,709  crore gross GST revenue collected in May 2021<\/strong><\/p>\n<p align=\"justify\">  The gross GST revenue collected in the  month of May 2021 is1,02,709 crore of which CGST is 17,592 crore, SGST is  22,653, IGST is 53,199 crore (including 26,002 crore collected on import of  goods) and Cess is 9,265 crore (including 868 crore collected on import of  goods).The above figure includes GST collection from domestic transactions till  4th of June since taxpayers were given various relief measures in the form of  waiver\/reduction in interest on delayed return filing for 15 days for the  return filing month May 21 in the wake of covid pandemic second wave. <\/p>\n<p align=\"justify\"> During this month the government has  settled 15,014 crore to CGST and 11,653 crore to SGST from IGST as regular  settlement. <\/p>\n<p align=\"justify\">  The revenues for the month of May 2021  are 65% higher than the GST revenues in the same month last year. During the  month, revenues from import of goods was 56% higher and the revenues from  domestic transaction (including import of services) are 69% higher than the  revenues from these sources during the same month last year. <\/p>\n<p align=\"justify\">  This would be eighth month in a row  that GST revenues have crossed 1 lakh crore mark. This is despite the fact that  most of the States have been under strict lockdown due to the pandemic. In  addition, while the taxpayers with turnover above 5 crore had to file their  returns by 4th June, which they would have otherwise filed by 20th May, smaller  taxpayers with turnover less than 5 crore still have time till first week of  July to file the returns without any late fee and interest and the revenue from  these taxpayers is deferred till then. The actual revenues for the month of May  2021, thus would be higher and would be known when all the extended dates  expire.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1,02,709 crore gross GST revenue collected in May 2021 The gross GST revenue collected in the month of May 2021 is1,02,709 crore of which CGST&hellip;<\/p>\n","protected":false},"author":1,"featured_media":386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/417"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=417"}],"version-history":[{"count":0,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/386"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}