In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs. 99,939 crore, down from over Rs. 1 lakh crore in the previous month, the finance ministry said on Monday July 01,2019
While the GST collections in June 2019 were lower than Rs. 1,00,289 crore in May 2019, they were higher than Rs. 95,610 crore receipts in the same month of the previous year.
The total number of GSTR-3B returns filed up to June 30, 2019, is 74.38 lakh, as against 72.45 lakh filed in May 2019
"Total gross GST revenue collected in the month of June, 2019 is Rs. 99,939 crore of which CGST is Rs. 18,366 crore, SGST is Rs. 25,343 crore, IGST is Rs. 47,772 crore and cess is Rs. 8,457 crore," the statement said
While the June GST collections at Rs. 99,939 crore snapped the three months of Rs. 1 lakh crore mop-up trend, it was 4.52 per cent higher than the collections in June 2018
For 2019-20, the government proposes to collect Rs. 6.10 lakh crore from CGST and Rs. 1.01 lakh crore as compensation cess. The IGST balance has been pegged at Rs. 50,000 crore.
The CGST collection in 2018-19 was Rs. 4.25 lakh crore, while compensation cess was over Rs. 97,000 crore.
During June 2019, the government has settled Rs. 18,169 crore towards CGST and Rs. 13,613 crore to SGST from IGST as regular settlement.
The total revenue earned by the central government and state governments after regular settlement in June, 2019 is Rs. 36,535 crore for CGST and Rs. 38,956 crore for the SGST.
The collections comprise of receipts by both the Centre and state governments of GST, which had two years back amalgamated 17 different indirect tax levies.
While the GST collections in June 2019 were lower than Rs. 1,00,289 crore in May 2019, they were higher than Rs. 95,610 crore receipts in the same month of the previous year.
The total number of GSTR-3B returns filed up to June 30, 2019, is 74.38 lakh, as against 72.45 lakh filed in May 2019
"Total gross GST revenue collected in the month of June, 2019 is Rs. 99,939 crore of which CGST is Rs. 18,366 crore, SGST is Rs. 25,343 crore, IGST is Rs. 47,772 crore and cess is Rs. 8,457 crore," the statement said
While the June GST collections at Rs. 99,939 crore snapped the three months of Rs. 1 lakh crore mop-up trend, it was 4.52 per cent higher than the collections in June 2018
For 2019-20, the government proposes to collect Rs. 6.10 lakh crore from CGST and Rs. 1.01 lakh crore as compensation cess. The IGST balance has been pegged at Rs. 50,000 crore.
The CGST collection in 2018-19 was Rs. 4.25 lakh crore, while compensation cess was over Rs. 97,000 crore.
During June 2019, the government has settled Rs. 18,169 crore towards CGST and Rs. 13,613 crore to SGST from IGST as regular settlement.
The total revenue earned by the central government and state governments after regular settlement in June, 2019 is Rs. 36,535 crore for CGST and Rs. 38,956 crore for the SGST.
The collections comprise of receipts by both the Centre and state governments of GST, which had two years back amalgamated 17 different indirect tax levies.
No comments:
Post a Comment