GST Revenue collection for August, 2019

₹ 98,202crore of total gross GST revenue collected in August

The total gross GST revenue collected in the month of August, 2019 is ₹ 98,202 crore of which CGST is ₹ 17,733 crore, SGST is ₹ 24,239 crore, IGST is ₹ 48,958 crore (including ₹ 24,818 crore collected on imports) and Cess is ₹7,273 crore (including ₹841 crore collected on imports). The total number of GSTR 3B Returns filed for the month of July up to 31^st August, 2019 is 75.80 lakh.

The government has settled ₹ 23,165 crore to CGST and ₹ 16,623 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of August, 2019 is ₹ 40,898 crore for CGST and ₹ 40,862 crore for the SGST.

The revenue in August, 2018 was ₹ 93,960 crore and the revenue during August, 2019 is a growth of 4.51% over the revenue in the same month last year.During April-August, 2019 vis-à-vis 2018, the domestic component has grown by 9.11%while the GST on imports has come down by 1.43% and the total collection has grown by 6.38%. During the month of August, 2019, the due date of filing returns was extended by a month in 58 districts in 7 States due to floods.

₹ 27,955crore has been released to the states as GST compensation for the months of June-July, 2019.

The chart shows trends in revenue during the current year.

GST revenue collection shows component breakdown, IGST settlements to central and state revenues and modest year on year growth. GST revenue collection for August 2019 reports total gross receipts with component shares of CGST, SGST, IGST (including imports) and cess; states of GSTR 3B filing compliance are noted. The government effected regular IGST settlements to CGST and SGST and states and centre received specified net revenues after settlement. The statement compares August receipts and the April-August period year on year, highlighting domestic growth, a decline in GST on imports, filing deadline extensions in flood affected districts, and the release of GST compensation to states.