GST collection for September crosses Rs 1.17 lakh crore

The gross GST revenue collected in the month of September was Rs1,17,010 crore, which included CGST component of Rs 20,578 crore, SGST Rs 26,767 crore and IGST component of  Rs 60,911 crore.The revenue for September was 23 per cent higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 30 per cent higher and the revenue from domestic transactions including import of services was 20 per cent higher than the revenue from these sources during the same month last year.
The average monthly gross GST collection for the second quarter of the current year amounted to Rs 1.15 lakh crore , which was five per cent higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year. This clearly indicates that the economy is recovering at a fast pace.AIR correspondent reports, the Centre had also released GST compensation of Rs 22,000 crore  to states to meet their GST revenue gap.