NEWS UPDATE
Oh mon Dieu! GST Council canoeing away from basic design at every meeting! The Coconut Oil Story - Tale of Tresses and Taxes Will China's trade pre-eminence survive with its kicking-away-the-ladder approach? DRI faces Canon - again Safari to a doubly landlocked tax sanctuary & OECD's fiasco! Extending the (already extended) Limitation period The kernel of Trumponomics is tariff, tariff & tariff! Courtroom Kudos: High Court Hails Assistant Commissioner's Verdict America's New 'Power Couple': How long this heady bromance last? Lost in Litigation America's sanctions-bazooka spawns billion-dollar lobbying industry in Washington! What a surplusage - Why More Law Isn't Always Better Unilateral Economic Sanctions: Can it survive in multi-polar world? DRI canon - Sleuths in Snag If 'Tariff Man' is serious, World needs to lace up for economic chaos all-around! Dues and Don'ts of Voluntary Payments

Print

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.

TIOL SEARCH


A Taxindiaonline Website. Copyright @ 2021 TIOL Pvt.Ltd. All rights reserved.