GST Revenue collection in April 2018 exceeds Rs. 1 Lakh Crore

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GST Revenue collection in April 2018 exceeds Rs. 1 Lakh Crore

GST Revenue, The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs.8554 crore (including Rs.702 crore collected on imports). The total number of GSTR 3B Returns filed for the month of March up to 30th April 2018 is 60.47 lakh as against 87.12 lakh, who are eligible to file the Return for the month of March, which is 69.5%.


April was also the month for the filing of Quarterly Return for Composition Dealers. Out of 19.31 lakh Composition Dealers, 11.47 lakh have filed their Quarterly Return (GSTR 4) which is 59.40% and have paid the total tax of Rs.579 crores, which is included in the above figure of Rs.1.03 lakh crore of total GST collection.

The buoyancy in the tax revenue of 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 of the previous months also and, therefore, this month’s revenue cannot be taken as the trend for the future.

Source: Press Information Bureau

Other Facts

    • Average GST paid by each registered user who has filed the return in March is Rs 1,70,000/- Against average GST paid by each composite dealer who has filed the quarterly return is Rs 5,000/- Exempt composite dealers from tax& filing returns will help 2 million SMEs.
    • GST Revenue crosses Rs. 1 lakh cr at Rs.1,03,458 cr.
    • The total revenue earned by Central Government and the State Governments after settlement in the month of April 2018 is Rs.32 493 crore for CGST and Rs.40 257 crore for the SGST.
    • April was also the month for the filing of quarterly Return for composition dealers.
    • Out of 19.31 lakh composition dealers, 11.47 lakh filed their quarterly return(GSTR 4) which is 59.40% and paid total tax of Rs.579 cr., which is included in Rs.1.03 lakh crore of total GST collection.
    • The total number of GSTR 3B Returns filed for the month of March up to 30th April 2018 is 60.47 lakh as against 87.12 lakh, who are eligible to file the Return for the month of March, which is 69.5%.
    • The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance.

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