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        Revenue from the Goods and Services Tax (GST) touched ₹ 7.19 lakh crore between August, 2017 and March, 2018

        August 3, 2018

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        The revenue from the Goods and Services Tax (GST) touched ₹ 7.19 lakh crore between August, 2017 and March, 2018. The Monthly Revenue Average from GST was at ₹ 89,885 crore for the said period. 

        The details of month-wise Goods & Services tax collection are as follows:

        Table

         

         

         Figures in Rs Crores 

         

        MONTH

        Total collection

         

        Aug-17 

        95,633 

         

        Sep-17 

        94,064 

        F.Y.2017-18

        Oct-17 

        93,333 

        Nov-17 

        83,780 

        Dec-17 

        84,314 

        Jan-18 

        89,825 

         

        Feb-18 

        85,962 

         

        Mar-18 

        92,167 

         

        Total 

        7,19,078 

         

        Average 

        89,885 

        The introduction of e-way bill is expected to improve overall Goods and Services Tax (GST) compliance. The Gross Revenue Collection in the month of April, 2018 (Rs.1,03,459 crore), May, 2018 (Rs. 94,016 crore), June, 2018 (Rs. 95,610 crore) and July, 2018 (Rs. 96,483) which is higher than the monthly average of GST collection in the last financial year FY 2017-18 i.e. ₹ 89,885 crore.

        This was stated by Shri Shiv Pratap Shukla,, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.

        Goods and Services Tax revenue growth noted, with e-way bill expected to strengthen tax compliance and collections. Collections under the Goods and Services Tax for August 2017-March 2018 totalled Rs. 7.19 lakh crore with a monthly average of Rs. 89,885 crore; April-July 2018 gross collections exceeded that average and the e-way bill is expected to improve GST compliance, as stated in a written parliamentary reply.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Goods and Services Tax revenue growth noted, with e-way bill expected to strengthen tax compliance and collections.

                                Collections under the Goods and Services Tax for August 2017-March 2018 totalled Rs. 7.19 lakh crore with a monthly average of Rs. 89,885 crore; April-July 2018 gross collections exceeded that average and the e-way bill is expected to improve GST compliance, as stated in a written parliamentary reply.





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                                ActsIncome Tax
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