This is second month in a row when government has managed to collect GST over Rs 1 lakh.Updated: Jun 01, 2019, 04.34 PM ISTAFP”Total number of GSTR 3B Returns filed for the month of April up to 31st May, 2019 is 72.45 lakh,”Ministry of Finance said in a statement. For the third month in a row, government has managed to collect over Rs 1 lakh Goods and Services Tax (GST). India’s gross GST revenues in month of May, 2019 stood at Rs 1,00,289 crore, the finance ministry said today. The gross collection in May is, however, lower than Rs 1,13,865 crore collected in April, when it hit an all-time high. GST collections in March was
Rs 1,06,577 crore.
The May collection figures are 6.67% higher in comparison to May, 2018. GST revenue in May, 2018 stood at Rs 94,016 crore. Revenue in May, 2019 is 2.21% higher than the monthly average of GST revenue in FY 2018-19, an official statement said on Saturday.
Central GST revenues in May, 2019 stood at Rs 17,811 crore, State GST at Rs 24,462 crore and Integrated GST at Rs 49,891 crore(including Rs 24,875 crore collected on imports) and Cess collections at is Rs 8,125 crore (including Rs 953 crore collected on imports).
“Total number of GSTR 3B Returns filed for the month of April up to 31st May, 2019 is 72.45 lakh,”Ministry of Finance said in a statement.
Also ReadGST: Post-supply discounts or distress?GST Council to consider implementation of lower GST rates for realty sectorRealtors may get GST relief on development rightsTraders claim GST ‘cumbersome’ to businessGST Council extends deadline for realty firms to opt for old GST rate till May 20Commenting feature is disabled in your country/region.Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service