More than 1 lakh crore GST collection in April 2018

Guwahati, May 01: The total gross GST revenue collected in the month of April, 2018 stood at a whooping amount of Rs 1,03,458 crore, of which CGST is Rs 18,652 crore, SGST is Rs 25,704 crore, IGST Rs 50,548 crore (including Rs 21,246 crore collected on imports) and Cess Rs 8,554 crore (including Rs 702 crore collected on imports).

It may be mentioned that the revenue collected from GST has exceeded one lakh crore for  the first time since its roll out last year.

April was also the month for filing of quarterly return for composition dealers and out of 19.31 lakh composition dealers, 11.47 lakh have filed their quarterly return (GSTR 4) which is 59.40% and have paid a total tax of Rs 579 crore, which is included in the above figure of Rs 1.03 lakh crore of the total GST collection.

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It is usually noticed that in the last month of the Financial Year, people also try to pay arrears of some of the previous months also and, hence, this month’s revenue cannot be taken as trend for the future. The revenue collection may not follow the trend and decrease in the coming month.

The total revenue earned by the central government and the state governments after settlement in the month of April, 2018 is Rs 32,493 crore for CGST and Rs 40,257 crore for the SGST.

Source: PIB



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