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

February 8, 2019
  • Contents

Considering present trend in the Monthly Collection of GST revenue, the changes in Revised Estimates vis-à-vis Budget Estimates for the FY 2018-19 are as under:

Goods and Services Tax (GST) (in Rs. Crore)

Budget 2018-2019

Revised 2018-2019

CGST

603900

503900

IGST

50000

50000

GST Compensation Cess

90000

90000

Total

743900

643900

It is further submitted that the Month-Wise Gross Collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under:

Month

GST collection (in Rs. Crore)

2017-18

2018-19

April

--

1,03,459

May

--

94,016

June

--

95,610

July

--

96,483

August

95,633

93,960

September

94,064

94,442

October

93,333

100,710

November

83,780

97,637

December

84,314

94,726

January

89,825

1,02,503

February

85,962

--

March

92,167

--

Average

89,885

97,555

In view of the above facts, it is clear that the GST collection in the current FY (2018-19) has been showing improvement compared to last FY (2017-18). The average gross collection of GST in the Current FY 2018-19 is ₹ 97,555 crore (till January’19) as compared to last year average collection of ₹ 89,885 crore.

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.

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