The gross Goods and Services Tax (GST) revenue collected in March was at a record of Rs 1.24 lakh crore, touching the highest level since its introduction, the government said on Thursday. Of this, Central GST was Rs 22,973 crore, State GST Rs 29,329 crore, Integrated GST Rs 62,842 crore (including Rs 31,097 crore collected on import of goods) and cess Rs 8,757 crore (including Rs 935 crore collected on import of goods).
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GST collections set new record, hit an all-time high of Rs 1.24 lakh crore in March.
The gross Goods and Services Tax (GST) revenue collected in March was at a record of Rs 1.24 lakh crore, touching the highest level since its introduction, the government said on Thursday. Of this, Central GST was Rs 22,973 crore, State GST Rs 29,329 crore, Integrated GST Rs 62,842 crore (including Rs 31,097 crore collected on import of goods) and cess Rs 8,757 crore (including Rs 935 crore collected on import of goods).
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GST collections set new record, hit an all-time high of Rs 1.24 lakh crore in March
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GST revenue mop-up scaled a monthly record high of over Rs 1.13 lakh crore in April, an increase of 10 per cent over the collection in the year-ago period, on the back of anti-evasion steps taken by tax officers. Total number of summary sales return GSTR-3B filed for the month of March up to April 30 stood at 72.13 lakh. April 2019 is the second consecutive month when Goods and Services Tax (GST) collection exceeded Rs 1 lakh crore. In March, the mop-up was Rs 1.06 lakh crore.
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GST collections in January crossed Rs 1 lakh crore-mark after a gap of 2 months, the Finance Ministry said Thursday. 'The total gross GST Revenue collected in the month of January, 2019 has today crossed Rs 1 lakh crore. This has been a significant improvement over collection of Rs 94,725 crore during last month and Rs 89,825 crore during the same month last year,' the ministry tweeted. This is the third time in current fiscal that GST collections have crossed the Rs one lakh crore-mark. Previously in April and October, the collections had surpassed this milestone.
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