GST collections in May touched Rs 1 lakh crore
Jack Jun 02, 2019 08:02 IST
On Saturday, the government said that the GST collections in May touched Rs 1 lakh crore, as compared to Rs 94,016 crore in the year ago period. The gross collection in May at Rs 1,00,289 crore is, however, lower than Rs 1,13,865 crore collected in April.
"The total gross GST revenue collected in the month of May, 2019 is Rs 1,00,289 crore of which CGST is Rs 17,811 crore, SGST is Rs 24,462 crore, IGST is Rs 49,891 crore and Cess is Rs 8,125 crore", Finance Ministry said in a statement.
A total of 72.45 lakh GSTR-3B returns were filed in the month of May, higher than 72.13 lakh in April. May 2019, is the third straight month in which the GST collections have surged over Rs 1 lakh crore.
For the months of February-March 2019, an amount of Rs 18,934 crore has been released to the states as GST compensation.
GST collections in May touched Rs 1 lakh crore
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