The Goods and service tax collection in April touched an all time high of over ₹1.13 lakh crore. This is fifth time after the introduction of new indirect tax regime when collection is above ₹ 1 lakh crore.
According to the Finance Ministry statement, the total gross GST revenue collected for April, 2019 is ₹1,13,865 crore of which CGST (Central Goods & Services Tax) is ₹ 21,163 crore, SGST (State Goods & Services Tax) is ₹ 28,801 crore, IGST (Integrated Goods & Services Tax) is ₹ 54,733 crore (including ₹ 23,289 crore collected on imports) and Cess is ₹9,168 crore (including ₹ 1,053 crore collected on imports).
The total number of GSTR 3B Returns filed for March up to 30th April, 2019 was 72.13 lakh.
The government has settled ₹20,370 crore to CGST and ₹15,975 crore to SGST from IGST as regular settlement.
Further, ₹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 total revenue earned by central government and state governments after regular and provisional settlement in Aprilis ₹47,533 crore for CGST and ₹50,776 crore for the SGST.
The revenue in April, 2018 was ₹1,03,459 crore and the revenue during April, 2019 is a growth of 10.05 per cent over the revenue in the same month last year.
The revenue in April, 2019 is 16.05 per cent higher than the monthly average of GST revenue in FY 2018-19, which is ₹ 98,114 crore.