Best Gst Filing in Chennai  - Kanakkupillai
                     GST collection remains below Rs.1 lakh 
crore | in October – Kanakkupillai 
GST Collections 
 India’s goods and services tax (GST) collections grew 
marginally in October from the previous month as 
dealers stocked up for the festive season, but revenues 
declined 5.29% over the year-ago period.
 GST revenues stood at Rs. 95,380 crore, up from Rs. 
91,916 crore in September this year but lower than Rs. 
1,00,710 crore in October 2018, according to official data 
released on Friday.
GST Rate 
 Overall GST collections in April-October 2019 increased 
3.38% year-on-year. While the domestic component 
grew 6.74% during April-October, GST on imports 
showed a decline.
 A slight pickup in GST collections holds out some hope 
for economy watchers, but most say they will watch 
November’s revenues more closely to draw a firm 
conclusion.
Economists Thought View 
The year-on-year decline in the headline GST 
collections in October 2019 is disturbing, 
although it can partly be explained by the 
cumulative impact of GST rate cuts as well as 
subdued consumption growth,” said Aditi 
Nayar, principal economist, ICRA Ltd.
Government Tack 
 The government has a target of at least Rs 1 lakh crore in 
GST collections every month to meet its revenue 
estimates.
 Of the total collections, central GST stood at Rs 17,582 
crore, state GST at Rs 23,674 crore and integrated GST 
at Rs 46,517 crore, including Rs 21,446 crore collected 
on imports. Compensation cess collection stood at Rs 
7,607 crore, including Rs 774 crore collected on imports.
Conclusion 
The total number of GSTR 3B returns filed for 
September up to October 31 was 7.383 million, as 
per the official statement.
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Contact Us 
No 13/22 2nd floor, Yatra, TNGO Colony, West 
Karikalan street, Adambakkam, Chennai – 88
Phone: 7305 345 345
Email: [email protected]
https://www.kanakkupillai.com/
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