GST collections in the country have once again crossed the Rs 2 lakh crore mark. Gross GST collections in September increased by 14.7 per cent to Rs 2,03,521 crore. This is a significant increase compared to the collections of Rs 1,77,173 crore in September last year. It is noteworthy that for the third consecutive month, GST collections have been close to or above Rs 2 lakh crore. In

September, Central GST (CGST) collected Rs 37,762 crore and State GST (SGST) collected Rs 45,363 crore. Integrated GST (IGST) collections were recorded at Rs 1,20,396 crore. Net GST revenue after settlements increased by 18.1 per cent to Rs 1,76,520 crore.

Domestic GST revenue also increased. It grew by 10.1 per cent to Rs 1,37,996 crore in September. The increase in GST revenue collected on imports was the main contributor to the growth in total collections.

Gross GST collections in the first six months of the current fiscal from April to September reached Rs 12,46,278 crore. This is an increase of 11.6 per cent compared to the same period last year.

Official sources said that there may be no major changes in tax rates in the GST Council meeting to be held on October 7. The main discussion is likely to be on simplification of processes, e-invoicing and input tax credit provisions as part of GST 2.0. The council will also review how the changes in tax rates implemented in the past are working.