GST Revenue Collections


   

GST Revenue Collections
Considering present trend in the Monthly Collection of GST revenue, the changes in Revised Estimates vis-à-vis Budget Estimates for the FY 2018-19 are as under:

GST Revenue Collections

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Goods and Services Tax (GST) (in Rs. Crore) Budget 2018-2019 Revised 2018-2019
CGST 603900 503900
IGST 50000 50000
GST Compensation Cess 90000 90000
Total 743900 643900

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It is further submitted that the Month-Wise Gross Collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under:
[su_table]

Month GST collection (in Rs. Crore)
2017-18 2018-19
April 1,03,459
May 94,016
June 95,610
July 96,483
August 95,633 93,960
September 94,064 94,442
October 93,333 1,00,710
November 83,780 97,637
December 84,314 94,726
January 89,825 1,02,503
February 85,962
March 92,167
Average 89,885 97,555

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In view of the above facts, it is clear that the GST collection in the current FY (2018-19) has been showing improvement compared to last FY (2017-18). The average gross collection of GST in the Current FY 2018-19 is Rs. 97,555 crore (till January’19) as compared to last year average collection of Rs. 89,885 crore.
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.


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