GST Revenue collection in the month of April 2018 exceeds Rs. 1 Lakh Crore

I would like to congratulate all taxpayers, Hon’ble Members of the GST Council, State and Central Government tax administration for this achievement,” Jaitley tweeted.

NEW DELHI: The Goods and Services Tax (GST) revenue collection for the Month of April has exceeded Rs 1 lakh crore, according to the data revealed by the Ministry of Finance said on Tuesday.

GST Revenue collection for April 2018 exceeds Rs.1 lakh crore.

— Ministry of Finance (@FinMinIndia) May 1, 2018

The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs.8554 crore (including Rs.702 crore collected on imports).

Finance minister Arun Jailtely termed this achievement as “a landmark achievement and a confirmation of increased economic activity.”

GST collections in April exceeding Rs. 1 lakh crore is a landmark achievement and a confirmation of increased economic activity as brought out by other reports

— Arun Jaitley (@arunjaitley) May 1, 2018

I would like to congratulate all taxpayers, Hon’ble Members of the GST Council, State and Central Government tax administration for this achievement,” he tweeted.

Out of 87.12 lakh taxpayers, 60.47 lakh filed GSTR-3B, resulting in 69.5 percent compliance,” it tweeted via its official handle.

April was also the month for the filing of quarterly return for composition dealers.Out of 19.31 lakh composition dealers,11.47 lakh filed their quarterly return(GSTR 4), a 59.40 percent compliance and paid Rs 579 crores as GST.

The total revenue earned by the Central Government and the State Governments after settlement in the month of April 2018 is Rs.32,493 crore for CGST and Rs.40,257 crore for the SGST.