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23% Higher GST Revenue Collected In The Month Of September 2021

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The government has settled Rs. 28,812 crore to CGST and Rs. 24,140 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of September 2021 is Rs. Rs. 49,390 crore for CGST and Rs. 50,907 crore for the SGST.

The revenues for the month of September 2021 are 23% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 30% higher and the revenues from domestic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year. The revenue for September 2020 was, in itself at a growth of 4% over the revenue of September 2019 of Rs. 91,916 crore.

The average monthly gross GST collection for the second quarter of the current year has been Rs. 1.15 lakh crore, which is 5% 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. Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections. It is expected that the positive trend in the revenues will continue and the second half of the year will post higher revenues
Centre had also released GST compensation of Rs. 22,000 crore to States to meet their GST revenue gap.

Government Increases Income Limit Of Disabled Dependents For Family Pension

Ministry of Defence, Government of India on 28 September has taken a decision to enhance the income criteria for grant of family pension to children/siblings suffering from mental or physical disability. Accordingly, such child/sibling shall be eligible for family pension for life, if his/her overall income from sources other than family pension remains less than the entitled family pension at ordinary rate i.e 30% of the last pay drawn by the deceased government servant/pensioner concerned plus the dearness relief admissible thereon.

The financial benefit in such cases shall accrue with effect from 8 February 2021. Presently, the disabled child/sibling is eligible for family pension if overall monthly income of disabled child/sibling from sources other than family pension is not more than Rs. 9,000/- along with dearness relief thereon.