GST revenue collection for June stands at Rs 95,610 crore

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The Goods and Services Tax (GST) collections in the month of June stood at Rs Rs 95,610 crore, which is a rise from Rs 94,016 crore in May, 2018, as per data of the Ministry of Finance’s notification.

Of the total GST collections, Central GST (CGST) is Rs 15,968 crore, State GST (SGST) is Rs 22,021 crore, Integrated GST (IGST) is Rs 49,498 crore (including Rs 24,493 crore collected on imports) and cess is Rs 8,122 crore (including Rs 773 crore collected on imports), according to a statement by the ministry.

Total number of GSTR 3B Returns filed for the month of May up to June 2018 is 64.69 lakh.

The total revenue earned by central government and state governments after settlement in the month of June 2018 is Rs. 31,645 crore for CGST and Rs 36,683 crore for SGST.

The monthly average GST collection in the last financial year was Rs 89,885 crore.

In June, 2018 additional provisional settlement has been done and Rs 50,000 crore has been settled between the centre and states.

(Inputs from ANI)

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