GST Collections Crosses 1 Lac Crores – Here is the Detailed Breakup

GST Collections Crosses 1 Lac Crores

GST Revenue collection for October 2018 crossed Rupees One Lac Crore & stood at Rs.100,710 crore of which CGST is Rs.16,464 crore,SGST is Rs.22,826 crore,IGST is Rs.53,419 crore (including Rs.26,908 crore from imports)& Cess is Rs. 8,000 crore(including Rs.955 crore from imports)

The States which achieved extra- ordinary growth in total taxes collected from the State assesses include Kerala (44%), Jharkhand (20%), Rajasthan (14%), Uttarakhand (13%) and Maharashtra (11%).

The revenue collected in October, 2018 of Rs. 100,710 crore is higher by 6.64% as compared to September, 2018 collection of Rs. 94,442 crore.

The total revenue earned by Central Government and the State Governments after regular and provisional settlement in the month of October, 2018 is Rs. 48,954 crore for CGST and Rs. 52,934 crore for the SGST.

The Government has settled Rs. 17,490 crore to CGST and Rs. 15,107 crore to SGST from IGST as regular settlement. Further, Rs .30,000 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 number of GSTR 3B Returns filed for the month of September up to 31st October, 2018 is 67.45 lakh.

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