India’s Goods and Services Tax Revenue Touches Record High – Here Are New Numbers

The total gross Goods and Services Tax (GST) revenue collected in the month of April, 2019 is Rs 1,13,865 crore.

India’s Goods and Services Tax Revenue Reaches All-time High – Here Are New Figures india’s goods and services tax revenue touches record high – here are new numbers India’s Goods and Services Tax Revenue Touches Record High – Here Are New Numbers goods and services tax e1557045269339
India’s Goods and Services Tax Revenue Reaches All-time High – Here Are New Figures

The total gross Goods and Services Tax (GST) revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST (Central Goods and Services Tax) is Rs 21,163 crore, SGST (State Goods and Service Tax) is Rs 28,801 crore, IGST (Integrated Goods and Services Tax) is Rs 54,733 crore (including Rs 23,289 crore collected on imports) and Cess is Rs 9,168 crore (including Rs 1,053 crore collected on imports).

The total number of GSTR (Goods and Services Tax Return) 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh.

The government has settled Rs 20,370 crore to CGST and Rs 15,975 crore to SGST from IGST (Integrated Goods and Services Tax) as regular settlement.

Further, Rs 12,000 crore has been settled from the balance IGST available with the Centre on provisional basis in the ratio of 50:50 between Centre and States.

The total revenue earned by Central Government and the State Governments after regular and provisional settlement in the month of April, 2019 is Rs 47,533 crore for CGST and Rs 50,776 crore for the SGST.

The revenue in April, 2018 was Rs 1,03,459 crore and the revenue during April, 2019 is a growth of 10.05% over the revenue in the same month last year. The revenue in April, 2019 is 16.05% higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore).