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of <h1>August 2018 GST Revenue Hits Rs. 93,960 Crore; Slight Dip Due to Tax Rate Changes and Postponed Sales.</h1> The GST revenue for August 2018 was nearly Rs. 93,960 crore, comprising Rs. 15,303 crore from CGST, Rs. 21,154 crore from SGST, Rs. 49,876 crore from IGST, and Rs. 7,628 crore from Cess. A total of 67 lakh GSTR 3B returns were filed for July by the end of August. The revenue collected was slightly lower than in July and June 2018. The decrease is attributed to postponed sales due to recent tax rate reductions. The Central and State Governments earned Rs. 36,963 crore and Rs. 41,136 crore, respectively, after settlements. Compensation of Rs. 14,930 crore was released to states for June-July 2018.
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