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Home News Goods and Services Tax - GST Month 11 2018 2018 (11) This
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GST Revenue collections for the month of October 2018 crosses Rupees One Lac Crore

November 1, 2018
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The total gross GST revenue collected in the month of October, 2018 is ₹ 100,710 crore of which CGST is ₹ 16,464 crore, SGST is ₹ 22,826 crore, IGST is ₹ 53,419 crore (including ₹ 26,908 crore collected on imports) and Cess is ₹ 8,000 crore(including ₹ 955 crore collected on imports).

The total number of GSTR 3B Returns filed for the month of September up to 31st October, 2018 is 67.45 lakh.

The Government has settled ₹ 17,490 crore to CGST and ₹ 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 revenue earned by Central Government and the State Governments after regular and provisional settlement in the month of October, 2018 is ₹ 48,954 crore for CGST and ₹ 52,934 crore for the SGST.

The Revenue collected in October, 2018 of  ₹ 100,710 crore is higher by 6.64% as compared to September, 2018 collection of ₹ 94,442 crore. The chart shows trends in revenue during the current year. 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%).

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