Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
The total Gross GST revenue collected in the month of April 2018 is ₹ 1,03,458 crore of which CGST is ₹ 18,652 crore, SGST is ₹ 25,704 crore, IGST is ₹ 50,548 crore (including 21,246 crore collected on imports) and Cess is ₹ 8554 crore (including ₹ 702 crore collected on imports). The total number of GSTR 3B Returns filed for the month of March up to 30th April, 2018 is 60.47 lakh as against 87.12 lakh, who are eligible to file the Return for the month of March, which is 69.5%.
April was also the month for filing of Quarterly Return for Composition Dealers. Out of 19.31 lakh Composition Dealers, 11.47 lakh have filed their Quarterly Return (GSTR 4) which is 59.40% and have paid total tax of ₹ 579 crores, which is included in the above figure of ₹ 1.03 lakh crore of total GST collection.
The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance. However, it is usually noticed that in the last month of the Financial Year, people also try to pay arrears of some of the previous months also and, therefore, this month’s revenue cannot be taken as trend for the future.
The total revenue earned by the Central Government and the State Governments after settlement in the month of April, 2018 is ₹ 32,493 crore for CGST and ₹ 40,257 crore for the SGST.
GST revenue collection shows strong April buoyancy, with high return filings and composition dealer compliance noted. Total Gross GST receipts for April 2018 exceeded one lakh crore with a component-wise breakdown (CGST, SGST, IGST including imports, and Cess). GSTR 3B return filing for March was about seventy percent of eligible taxpayers; quarterly GSTR 4 filings by Composition Dealers were about sixty percent and their tax is included in the total. The statement notes revenue buoyancy from compliance and economic activity but warns that year end arrears may inflate a single month's revenue; net CGST and SGST shares after settlement are reported.Press 'Enter' after typing page number.