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NOTE:
Considering present trend in the Monthly Collection of GST revenue, the changes in Revised Estimates vis-à-vis Budget Estimates for the FY 2018-19 are as under:
Goods and Services Tax (GST) (in Rs. Crore) | Budget 2018-2019 | Revised 2018-2019 |
CGST | 603900 | 503900 |
IGST | 50000 | 50000 |
GST Compensation Cess | 90000 | 90000 |
Total | 743900 | 643900 |
It is further submitted that the Month-Wise Gross Collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under:
Month | GST collection (in Rs. Crore) | |
2017-18 | 2018-19 | |
April | -- | 1,03,459 |
May | -- | 94,016 |
June | -- | 95,610 |
July | -- | 96,483 |
August | 95,633 | 93,960 |
September | 94,064 | 94,442 |
October | 93,333 | 100,710 |
November | 83,780 | 97,637 |
December | 84,314 | 94,726 |
January | 89,825 | 1,02,503 |
February | 85,962 | -- |
March | 92,167 | -- |
Average | 89,885 | 97,555 |
In view of the above facts, it is clear that the GST collection in the current FY (2018-19) has been showing improvement compared to last FY (2017-18). The average gross collection of GST in the Current FY 2018-19 is ₹ 97,555 crore (till January’19) as compared to last year average collection of ₹ 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.