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April gross GST revenue collection at over Rs 1 lakh cr

New Delhi, May 1 : The total revenue collection under the Goods and Services Tax (GST) regime rose to Rs 103,458 crore during April 2018, official data showed on Tuesday.
According to the Ministry of Finance, the average monthly collection under the GST regime for the last eight months — August 2017-March 2018 — was Rs 89,885 crore.
“The total gross GST revenue collected in April 2018 is Rs 103,458 crore of which CGST (Central Goods and Services Tax) is Rs 18,652 crore, SGST (State Goods and Services Tax) is Rs 25,704 crore, IGST (Integrated Goods and Services Tax) is Rs 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs 8,554 crore (including Rs 702 crore collected on imports),” the Ministry said in a statement.
“The total number of GSTR 3B Returns filed for March up to 30th April is 60.47 lakh as against 87.12 lakh, who are eligible to file the return for March, which is 69.5 per cent.” As per the statement, the buoyancy in tax collection under the GST “reflects the upswing in the economy and better compliance”.
“However, it is usually noticed that in the last month of the financial year, people also try to pay arrears of some previous months and, therefore, this month’s revenue cannot be taken as trend for the future,” the statement added. (IANS)