Hyderabad: The gross GST revenue collected in the month of December 2020 in Andhra Pradesh jumped by 14 per cent compared to the same period last year. In December 2020, the state collected Rs. 2,581 crores as revenue while in December 2019, AP had collected Rs. 2,265 crores as revenue.
Meanwhile, Telangana collected around Rs. 3,543 crores as GST revenue in December this year, a four per cent increase from the same period last year. In December 2019, the state had collected around Rs. 3,420 crores.
The national GST revenue during December 2020 was the highest since the introduction of the GST and for the first time it crossed Rs. 1.15 lakh crores. The highest GST collection till now was Rs. 1,13,866 crores in the month of April 2019.
The revenues of April normally tend to be high since they pertain to the returns of March which marks the end of the financial year. The December 2020 revenues are significantly higher than last month's revenue of Rs. 1,04.963 crores. This is the highest growth in monthly revenues since the last 21 months. This has been due to the combined effect of the rapid economic recovery post-pandemic and the nation-wide drive against GST evaders and fake bills along with many systemic changes introduced recently, which have led to improved compliance.
The gross GST revenue collected in December 2020 was Rs. 1,15,174 crores of which CGST was Rs. 21,365 crores, SGST was Rs. 27,804 crores, IGST was Rs. 57,426 crores (including Rs. 27,050 crores collected on import of goods), and cess was Rs. 8,579 crores (including Rs. 971 crores collected on import of goods). The total number of GSTR-3B returns filed for the month of November up to 31 December was Rs. 87 lakhs.
In line with the recent trend of recovery in the GST revenues, the revenues for the month of December 2020 are 12 per cent higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 27 per cent higher and the revenues from domestic transactions (including import of services) were eight per cent higher than the revenues from these sources during the same month last year.