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GST - April collections 16.05% higher than monthly average last fiscal

By TOG News Service
May 01, 2019 , New Delhi

TOG NEWS SERVICE, NEW DELHI, MAY 01, 2019: THE GST collections for the month of April touched a whopping Rs 113865 Crores of which the CGST component is Rs 21163 Crores, SGST is Rs 28801 crores, IGST is Rs 54733 crores (including   Rs 23,289 crore collected on imports) and Cess is Rs 9,168 crore (including Rs 1,053 crore collected on imports). Moreover, the total number of GSTR 3B Returns filed for the month of March up to April 30, 2019 is 72.13 lakhs.

The government has settled Rs 20,370 crores to CGST and Rs 15,975 crores to SGST from IGST as regular settlement. Further, Rs 12,000 crores 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 crores for CGST and Rs 50,776 crores for the SGST.

The revenue in April, 2018 was Rs 1,03,459 crores 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 crores).