The government has settled ₹ 23,276 crore to CGST and ₹ 17,681 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December 2020 is
₹ 44,641 crore for CGST and ₹ 45,485 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of December 2020 are 12% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 27% higher and the revenues from domestic transaction (including import of services) are 8% higher that the revenues from these sources during the same month last year.

The GST revenues during December 2020 have been the highest since the introduction of GST and it is the first time that it has crossed ₹ 1.15 lakh crore. The highest GST collection till now was ₹ 1,13,866 crore 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 financial year. The December 2020 revenues are significantly higher than last month’s revenues of ₹ 1,04.963 crore. This is the highest growth in monthly revenues since last 21 months. This has been due to combined effect of the rapid economic recovery post pandemic and the nation-wide drive against GST evaders and fake bills alongwith many systemic changes introduced recently, which have led to improved compliance.

Till now, GST revenues have crossed ₹ 1.1 lakh crore three times since introduction of GST. This is the third month in a row in the current financial year after the economy has been showing signs or recovery post pandemic that the GST revenues have been more than ₹ 1 lakh crore. The average growth in GST revenues during the last quarter has been 7.3% as compared to (-) 8.2% during the second quarter and
(-) 41.0% during the first quarter of the financial year.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of December 2020 as compared to December 2019.

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Akshay Kumar and Kareena Kapoor’s new film Good Newwz wrapped 2019 on a good note and began the New Year on an even better one. In six days, the comedy has soared past the Rs 100 crore mark, scoring Rs 117 at the box office, said trade analyst Taran Adarsh.

On the New Year holiday on Wednesday, Good Newwz raked in as much as Rs 22 crore, pushing the total to an impressive figure. The film had made almost Rs 50 crore over the weekend. “Good Newwz is 100 not out… Hits the ball out of the park on Day 6… Ends 2019 with ‘good newwz‘… Begins 2020 with ‘good newwz‘… Fri 17.56 cr, Sat 21.78 cr, Sun 25.65 cr, Mon 13.41 cr, Tue 16.20 cr, Wed 22.50 cr. Total: Rs 117.10 cr. India biz,” Mr Adarsh wrote.

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The unrest in the country due to the various protests against the Citizenship Amendment Act and the National Register of Citizens coupled with Section 144 imposed in various state, has reportedly lead to an estimated 15-20% loss of business. Had the conditions in the state been more favourable, the early estimates report claims that the film could have looked at an opening of over 30 crore nett.

Despite the numbers on the first day, trade experts predict good growth over the weekend and are optimistic about a good run at the box office.

The film has also had a multi-lingual release in Tamil, Telugu and Kannada, but the collections could be limited but could aid in pushing the film to a 25 crore nett collection on the first day.

‘Dabangg 3’ has managed to grab the fourth spot in the list of top advance bookings at the box office. With Rs 11.50 crore from advance booking, Salman’s cop actioner is right behind Hrithik Roshan‘s ‘War’ (Rs 31.36 crore), Akshay Kumar‘s ‘Mission Mangal’ (Rs 15.19 crore) and his own earlier release ‘Bharat’ which collected Rs 23.47 crore.

If the estimated numbers hold true, then ‘Dabangg 3’ will become the second-best non-holiday opener of the year after the Prabhas and Shraddha Kapoor starrer ‘Saaho‘ which had collected Rs 25.82 crore with Rs 8.27 crore coming from advance bookings.

Meanwhile, ‘Dabangg 3’ has received a lot of love from all the quarters for its songs, trailer and promo clips. Sonakshi Sinha and Arbaaz Khan will be reprising their roles as Rajjo and Makkhanchand Pandey while south star Kiccha Sudeep will be seen as the antagonist in the film. Debutant, Saiee Manjrekar will be essaying the role of Khushi, Salman’s love interest in the prequel.

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Abhinav Kashyap directorial Dabangg released in 2010.  While the second installment of the franchise was helmed by Arbaaz Khan, Prabhudheva has taken on the mantle of director for the third part.

Talking about joining the cast of Dabangg 3, Sudeep told, “The feeling of having worked with Salman and Prabhu sir is greater than anything for me. Salman is one of the biggest names in the entertainment industry today. These are not things that I expected to happen. So, when the film happened to me, I accepted it wholeheartedly and enjoyed it thoroughly. I lived every moment. I didn’t come here with any kind of expectation, but I have carried back home a lot of memories and good moments. It is great that I can now say these are the people I have worked with, and I have been part of such a big franchise. It has been a great opportunity for me.”

Trade analyst Girish Johar predicted the opening day collection of Dabangg 3. He told us, “It is an established franchise, and people always look forward to it. The makers have already started working on Dabangg 4 which shows their confidence. I peg the film at around Rs 27-30 crore and depending upon how the audience find the film, numbers will change by the evening shows. If it is accepted well, it will have a healthy weekend.”

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