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GST - June revenue goes up to 95,000 Crore

Published: Jul 03, 2018

By TIOL News Service

NEW DELHI, JULY 01, 2018: THE total gross revenue collected in the month of June 2018 is Rs 95,610 crore of which CGST is Rs 15,968 crore, SGST is Rs. 22,021 crore, IGST is Rs 49,498 crore (including Rs. 24,493 crore collected on imports) and cess is Rs. 8,122 crore (including Rs. 773 crore collected on imports). The total number of GSTR 3B Returns filed for the month of May upto June 2018 is 64.69 Lakhs.

The total revenue earned by Central Government and the State Governments after settlement in the month of June 2018 is Rs. 31,645 crore for CGST and Rs. 36,683 crore for SGST.

The current month’s revenue collection is Rs. 95,610 crore as compared to last month’s revenue of Rs. 94,016 crore. Further the gross revenue collection in the month of June 2018 is Rs. 95,610 crore whereas monthly average of GST collection in the last financial year was Rs. 89,885 crore.

In the month of June, 2018 additional provisional settlement has been done and Rs. 50,000 crore has been settled between Centre and States. The said provisional settlement has been done in addition to the earlier provisional settlement of Rs. 35,000 crore in February, 2018.