Govt collects over Rs 1 lakh crore GST in May
New Delhi: The Government has managed to collect more than ₹1 lakh crore plus in May, Union Ministry of Finance said on Saturday. This is the third consecutive month of ₹1 lakh crore plus mobilization. However, collection in May was lower than all-time high of Apri.
The total number of GSTR 3B Returns filed for the month of April up to 31st May, 2019 is 72.45 lakh.
The government has settled Rs 18,098 crore to CGST and Rs 14,438 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 May, 2019 is Rs 35,909 crore for CGST and Rs 38,900 crore for the SGST.
The revenue in May, 2018 was Rs 94,016 crore and the revenue during May, 2019 is a growth of 6.67% over the revenue in the same month last year. The revenue in May, 2019 is 2.21% higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore).