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Home News Goods and Services Tax - GST Month 2 2019 2019 (2) This

GST Revenue collection for January 2019 crossed one lakh crore rupees

2-2-2019
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The total gross GST revenue collected in the month of January, 2019 is ₹ 1,02,503 crore of which CGST is ₹ 17,763crore, SGST is ₹ 24,826 crore, IGST is ₹ 51,225 crore (including ₹ 24,065crore collected on imports) and Cess is ₹ 8,690 crore (including ₹ 902crore collected on imports). In FY 2018-2019, it is for the third time that GST Revenue collection has crossed One Lakh Crore. The total number of GSTR 3B Returns filed for the month of December up to 31st January, 2019 is 73.3lakh.

The government has settled ₹ 18,344 crore to CGST and ₹ 14,677 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December, 2018 is ₹ 36,107 crore for CGST and ₹ 39,503 crore for the SGST.

The collection in January 2019 is a significant increase from the collection of ₹ 94,725 crore in December, which was a decline from ₹ 97,637 crore in November and ₹ 1,00,710 crore in October. January 2019 collections are 14% above the January 2018 collections of ₹ 89,825 crore. This jump has been achieved despite various tax reductions having come into force that provided major relief to the consumers. The gross GST collections over the last three-month period has been 14% higher than the corresponding period last year.

The chart shows trends in revenue during the current year as compared to the last year.

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