GST collection slides below Rs 94,000 crore
New Delhi, Sep 1 : Revenue collection under the Goods and Services Tax (GST) dropped to Rs 93,960 crore in August as against Rs 96,483 crore collected in July.
The government said a major factor for the dip in tax revenues could be "probable postponement" of sale of items on which tax rate was reduced by the GST Council in its July 21 meeting. The reduced rates were to come into effect from July 27.
"Since it would have taken some time for the market to pass on the benefit of reduced taxes, consumers might have postponed their decision to buy, expecting the benefit. The actual impact of reduction of rate of taxes would be observed only from next month onwards as the rate reduction would have got affected only in last few days of the month," the Finance Ministry said.
It added that even past trends show that August collections are lower than the July collections.
"Even past trend of indirect tax collection shows that while July collections are 8.2 per cent of the total annual collections, August collections are at a lower level of 7.7 per cent of the total annual collections. This is another reason for lower collections during the month of August as compared to that in July," it said.
As per the data released by the Ministry, the total gross GST revenue collected in the month of August (for the month of July) stood at Rs 93,960 crore, of which Central GST was Rs 15,303 crore, State GST Rs 21,154 crore and Integrated GST was Rs 49,876 crore. An additional Rs 7,628 crore was collected as cess.
The total number of GST returns filed for the month of July up to August stood at 67 lakh, slightly higher than 66 lakh returns filed in July (for June).
The last date of filing return of July has been extended till October for Kerala.
"The total revenue earned by the Central and state governments after settlement including provisional settlement of Rs 12,000 crore in August is Rs 36,963 crore for Central GST and Rs 41,136 crore for State GST. For the bi-monthly period June-July, compensation of Rs 14,930 crore has been released to the states," an official statement said.
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Two injuries, one DNF, a DQ as India end messy World Relays campaign
Gaborone (Botswana) (PTI): Amoj Jacob and Ragul Kumar got injured during the men's 4x400m and 4x100 races respectively as India ended their World Athletics Relays campaign in disappointment on the second day of competitions here on Sunday.
The Indian camp had high hopes of making the 2027 World Championships in the men's 4x400m relay but the team did not finish (DNF) the race as Jacob suffered cramps and pulled out of the race after taking the baton from the first leg runner Dharamveer Choudhary. Rajesh Ramesh and Vishal TK were to run in the third and fourth legs.
Those teams which could not qualify for the 2027 Beijing World Championships by reaching the final round of each of the six relay events on Saturday were given another chance in the second qualification round on Sunday.
The top two teams in each of the two heats (in all six relay events) booked the Beijing ticket on Sunday.
India will now have to try and qualify for the World Championships through the Top Lists of the World Athletics, which is a long and tedious process.
In the men's 4x100m race, third leg runner Ragul Kumar fell down the track after failing to hand over the baton inside the exchange zone to fourth leg runner Gurindervir Singh, which clearly showed the lack of coordination among the runners.
Harsh Santosh Raut and Animesh Kujur ran the first two legs.
The Indian quartet was disqualified and Kumar was seen being taken away from the Field of Play with the help of the volunteers.
It was a comedy of errors in the case of the women's 4x100m race, which saw the baton being dropped during an exchange between first leg runner Tamanna and second runner Nithya Gandhe, though the Indians finished the race in 53.09 seconds.
Gandhe started running quite a distance, but after realising that the baton was not in her hand, she turned and ran back to pick it up.
The only silver-lining for the Indian contingent was the national record time in the mixed 4x100m relay race, though the quartet of Ragul Kumar, Nithya Gandhe, Animesh Kujur and Sneha SS finished sixth in heat number two with a time of 41.35 seconds, bettering the previous national mark of 42.30 seconds set in March in Chandigarh.
The mixed 4x400m relay quartet of Theerthesh P Shetty, Kumari Saloni, Nihal William and Rashdeep Kaur ended at fifth in heat number one with a time of 3 minutes and 19.40 seconds.
On Saturday, all the five Indian relay teams had failed to make it to the respective final rounds and thus missed out on the 2027 World Championships berths.
