GST COLLECTION - Tax Corner

2 Jun 2019

GST COLLECTION

Rs. 18,934 crore has been released to the States as GST compensation for the months of February-March, 2019.

Revenue in May, 2018 was ₹ 94,016 crore and the revenue during May, 2019 is a growth of 6.67% over the revenue in the same month last year. The revenue in May, 2019 is 2.21% higher than the monthly average of GST revenue in FY 2018-19 (₹ 98,114 crore).

Government has settled ₹ 18,098 crore to CGST and ₹ 14,438 crore to SGST from IGST as regular settlement. 

Total revenue earned by Central Govt. & the State Governments after regular settlement in the month of May, 2019 is ₹ 35,909 crore for CGST & ₹ 38,900 crore for the SGST.

Total number of GSTR 3B Returns filed for the month of April up to 31st May, 2019 is 72.45 lakh.

Total Gross GST revenue collected in May, 2019 is ₹ 1,00,289 crore of which CGST is ₹ 17,811 crore, SGST is ₹ 24,462 crore, IGST is ₹ 49,891 crore (including ₹ 24,875 crore collected on imports) and Cess is ₹ 8,125 crore (including ₹ 953 crore collected on imports)


*As per Ministry of Finance*

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