GST: Government Collects Rs 96,483-Crore GST For June

Goods and services tax collections for June stood at Rs 96,483 crore.

That compares with Rs 95,610 crore revenue collected for May, Rs 94,016 crore received for April, and Rs 1.03 lakh crore for March.

Compliance improved during the month—the third after the launch of e-way bills—as 66 lakh GSTR-3B returns were filed as on July 31, compared with 64.69 lakh for May as on June 30, according to a press release issued by the Ministry of Finance. The last day for filing the GSTR-3B returns and paying tax is the 20th day of the succeeding month. Data is released with a lag.

Month GSTR-3B Filed Tax Collected (Rs Crore)
Jul 17 56.8 lakh (as on Oct 31) 93590
Aug 17 54 lakh (as on Oct 31) 93029
Sep 17 47.4 lakh (as on Oct 31) 95132
Oct 17 50.1 lakh (as on Nov 26) 85931
Nov 17 53.06 (as on Dec 25) 83716
Dec 17 56.30 lakh (as on Jan 24) 88929
Jan 18 57.51 lakh (as on Feb 25) 88047
Feb 18 59.51 lakh (as on March 25) 89264
Mar 18
Apr 18 62.46 lakh (as on May 31) 94016 (as on May 31)
May 18 64.69 lakh 95610 (as on June 30)
Jun 18 66 lakh 96483 (as on July 31)

The ministry’s statement gave details of the tax collected under various heads:

  • Central Goods and Services Tax: Rs 15,877 crore.
  • State Goods and Services Tax: Rs 22,293 crore.
  • Integrated Goods and Services Tax: Rs 49,951 crore (includes Rs 24,852 crore collected on imports).
  • Compensation Cess: Rs 8,362 crore.

According to the government’s budget estimates, it will collect Rs 6.03 lakh crore as central GST, while integrated GST and compensation cess revenue is pegged at Rs 50,000 crore and Rs 90,000 crore, respectively. This does not include states’ share of GST and IGST.

 

 

 

Source:- bloombergquint