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GST collections stagnate around Rs 95000 Cr

Published: Jan 01, 2019

By TIOL News Service

NEW DELHI, JAN 01, 2019: The total gross GST revenue collected in the month of December, 2018 is Rs 94,726 crore of which CGST is Rs 16,442 crore, SGST is Rs. 22,459 crore, IGST is Rs. 47,936 crore (including Rs 23,635 crore collected on imports) and Cess is Rs 7,888 crore (including Rs 838 crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to December 31, 2018 is 72.44 lakh.

The government has settled Rs 18,409 crore to CGST and Rs 14,793 crore to SGST from IGST as regular settlement. Further, Rs 18,000 crore has been settled from the balance IGST available with the Centre on provisional basis in the ratio of 50:50 between Centre and States. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December, 2018 is Rs 43,851 crore for CGST and Rs. 46,252 crore for the SGST.

The chart shows trends in revenue during the current year.

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