GST collections touch a new high in April 2019

The GST collections in April scaled up to its highest level of Rs 1, 13,865 crore from that of Rs 1.06 lakh crore in March. The collections of the Goods and Services Tax (GST) which was rolled out in 2017 has been gradually increasing since August 2017 because of the increased number of returns and high compliance.

According to the statement released by the Union Ministry of Finance, ” The total gross GST revenue collected in the month of April, 2019, is Rs 1,13,865 crore of which Central GST is Rs 21,163 crore, state GST (SGST) is Rs 28,801 crore, Integrated GST is Rs 54,733 crore”.

The total number of summary sales return GSTR-3B filed for the month of March to April 30 stood at 72.13 Lakh, the ministry said.

The Centre has settled Rs 20,370 crore to CGST and Rs 15,975 crore to SGST from IGST as regular settlement.  Rs 12,000 crore has been settled from the balance IGST available with the Centre on provisional basis in the ratio of 50:50 between the Centre and the states, the statement added.

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