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GST Revenue collections again surpass Rs 1 lakh crore mark; 76 lakh GSTR 3B filed

By TIOL News Service

NEW DELHI, APR 01, 2019: TOTAL Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs 20,353 crore, SGST is Rs 27,520 crore, IGST is Rs.50,418 crore (including Rs. 23,521 crore collected on imports) and Cess is Rs. 8,286 crore (including Rs. 891 crore collected on imports). The total number of GSTR 3B Returns filed for the month of February up to 31 st March, 2019 is 75.95 lakh.

The Government has settled Rs.17,261 crore to CGST and Rs 13,689 crore to SGST from IGST as regular settlement. Further, Rs. 20,000 crore has been settled from the balance IGST available with the Centre on provisional basis in the ratio of 50:50 between Centre and States. The total revenue earned by Central Government and the State Governments after regular and provisional settlement in the month of March, 2019 is Rs. 47,614 crore for CGST and Rs. 51,209 crore for the SGST.

The collection during March, 2019 has been the highest since introduction of GST. The revenue in March, 2018 was Rs. 92,167 crore and the revenue during March, 2019 is a growth of 15.6% over the revenue in the same month last year. The revenue for the last quarter in the year 2018-19 is 14.3% higher than the revenue collected during the same period last year. The monthly average of GST revenue during 2018-19 is Rs. 98,114 crore which is 9.2% higher than FY 2017-18. These figures indicate that the revenue growth has been picking up in recent months, despite various rate rationalization measures.


 RECENT DISCUSSION(S) POST YOUR COMMENTS
   
 
Sub: gst collections a myth or a mirror or fact

ye sab figures hain sir. fact kuch aur hai. last 21 days men jo bhi paisa aaya hai usmen se 3B ke sath paisa yani actual paid tax 60 ya 70 % hi hai kyonki baki sab advance bolkar cash ledger men bharwaya gaya hai. wo paid tax nahi hai., jab tak ki return file nahi ho jata. so figures wrong hain.logon ke refund pending hain abhi , tribunals aur appeals level par bhi bahut amounts refund pending hain , kya ye collection ko kam nahi kartey.secondly jo abhi non filers ki list men chor chupey hue baithe hain unse aur collection aana tha wo gair jimmedar machinery ki wazah se nahi aaya aur wo collection nahi hua jo ki hona chahiye tha. uska kya.bahut badi tadad men experienced officers machinery se aapne pichle 1.5 tears se bar bar faltu ke parameters par based verification karwaye hain,(why 95% payment from credits, why 3B and 1 not matching, tran -1 matching, bla bla bla)

usmen jo desh ka waqt jaya hua uski valuation man hours men kijiye jitna recover kar paye uski tulna men.

refund sanction aur disbursement ki rate 3-5% fixed rahi uska kya. 2000 ke note men rishwat dena asan hua. but why pm saab will be concerned.

Posted by Navin Khandelwal
 

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