Tuesday, 1 January 2019

GST Collections

Monthwise collection of GST (all components - CSGT, SGST, IGST & Cess) is as given below


GST collection (in Rs. Crore) 
    
Month2017-182018-19% Change
    
April 1,03,459 
May 94,016 
June 95,610 
July 96,483 
August95,63393,960-2%
September94,06494,4420%
October93,333100,7108%
November83,78097,63717%
December84,31494,72612%
January89,825  
February85,962  
March92,167  
Average89,88595,948 


Compared to previous period 2018 September, October, November and December revenues are higher.  This shows compliance is improving under GST.  In the month of December 2018 - 72.44 lakh GSTR-3B returns were filed. 

Good GST collections led to the Government reducing GST rates for certain items earlier this month.  There is also a promise to reduce GST on cement, if GST collections are vibrant this will also happen soon.

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