For two consecutive months, the GST collection decreased, falling to Rs 94,726 crore in December

Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures

Business| Revenue collection under item and service tax (GST) has been declining for the second consecutive month in December, which is Rs 94,726 crore. In November, it was Rs 97,637 crore. However, there has been a steady increase in filing tax returns. The Finance Ministry said on Tuesday that till December 31, total 72.44 GSTR-3B returns have been filed, whereas in November this number was 69.6 lakh. It includes CGST 16,442 crores, SGST 22,459 crores, IGST Rs 47,936 crores (including Rs 23,635 crores collected on import) and Rs 7,888 crores (including Rs 838 crores collected on import). Revenue collected in December relates to transactions in November.

The GST collection crossed the Rs 1 lakh crore in October (transactions in September) and was Rs 1,00,710 crore, which fell to Rs 97,637 crore in November (for transactions in October).

"The government has paid Rs 18,409 crore to CGST and Rs 14,793 crore to SGST from IGST as a regular payment by the government," the finance ministry said in a statement. On the provisional basis, payment of Rs 18,000 crore has been made from remaining IGST available in 50:50 between the state and the Center."

Further, the statement stated, "After the regular payment of December 2018 months, the total revenue earned by Central Government and State Governments is Rs. 43,851 crores for CGST and Rs. 46,252 crores for SGST."

Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures


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