GST collection in August up by 4.51 percent at Rs. 98,202 crore
New Delhi, Sept 2 (IBNS): The gross goods and services tax (GST) collection for the month of August stood at Rs. 98,202 crore, up by 4.51 percent, from the same period last month, official data released on Sunday said.
"The total gross GST revenue collected in the month of August 2019 is Rs. 98,202crore of which CGST is Rs. 17,733crore, SGST is Rs. 24,239 crore, IGST is Rs. 48,958 crore (including Rs. 24,818 crore collected on imports) and Cess is Rs.7,273 crore (including Rs. 841 crore collected on imports). The total number of GSTR 3B Returns filed for the month of July up to 31st August 2019 is Rs. 75.80 lakh," read a government statement.
The government has settled Rs. 23,165 crore to CGST and Rs. 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 Rs. 40,898 crore for CGST and Rs. 40,862 crore for the SGST.
"The revenue in August, 2018 was Rs. 93,960 crore and the revenue during August, 2019 is a growth of 4.51 percent over the revenue in the same month last year," the statement said.
During April-August, 2019 vis-à-vis 2018, the domestic component has grown by 9.11 percent while the GST on imports has come down by 1.43 percent 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.
Rs. 27,955crore has been released to the states as GST compensation for the months of June-July, 2019.
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