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 Rs 99,939 cr collected as GST revenue in June
National

Rs 99,939 cr collected as GST revenue in June

Agency News

New Delhi, Jul 1 : The Government on Monday said total gross Goods and Services Tax (GST) revenue collected in June, 2019 is Rs 99,939 crore, which is around Rs 350 crore less than that collected in May.Earlier in May 2019, the total GST revenue collection was Rs 100,289 lakh crore, the Revenue Department released the data here.

However, the revenue in June, 2018 was Rs 95,610 crore. And this year revenue of Rs 99,939 crore marked a growth of 4.52 per cent over the revenue in the same month last year.Of the collected revenue of Rs 99,939 crore, CGST is Rs 18,366 crore, SGST is Rs 25,343 crore, IGST is Rs 47,772 crore -- including Rs 21,980 crore collected on imports -- and Cess is Rs 8,457 crore, including Rs 876 crore collected on imports.
The Department said at least 74.38 lakh GSTR 3B returns were filed for the month of May up to June 30, 2019.

According to the data, the government has settled Rs 18,169 crore to CGST and Rs 13,613 crore to SGST from IGST as regular settlement. 'The total revenue earned by Central Government and state governments after regular settlement in the month of June, 2019 is Rs 36,535 crore for CGST and Rs 38,956 crore for the SGST,' it added.
According to the data, the revenue in June, 2019 is 1.86 per cent higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore).
(UNI)