Revenue from GST touched Rs 7.19 lakh crore from August 2017 to March 2018

By | August 4, 2018
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(Last Updated On: August 4, 2018)
Ministry of Finance

Revenue from the Goods and Services Tax (GST) touched Rs. 7.19 lakh crore between August, 2017 and March, 2018

Posted On: 03 AUG 2018 6:13PM by PIB Delhi

The revenue from the Goods and Services Tax (GST) touched Rs. 7.19 lakh crore between August, 2017 and March, 2018. The Monthly Revenue Average from GST was at Rs. 89,885 crore for the said period.

 

The details of month-wise Goods & Services tax collection are as follows:

 

  Table
    Figures in Rs Crores 
    
 MONTH Total collection
 Aug-17 95,633 
 Sep-17 94,064 
F.Y.2017-18Oct-17 93,333 
Nov-17 83,780 
Dec-17 84,314 
Jan-18 89,825 
 Feb-18 85,962 
 Mar-18 92,167 
 Total 7,19,078 
 Average 89,885 

 

The introduction of e-way bill is expected to improve overall Goods and Services Tax (GST) compliance. The Gross Revenue Collection in the month of April, 2018 (Rs.1,03,459 crore), May, 2018 (Rs. 94,016 crore), June, 2018 (Rs. 95,610 crore) and July, 2018 (Rs. 96,483) which is higher than the monthly average of GST collection in the last financial year FY 2017-18 i.e. Rs 89,885 crore.

 

This was stated by Shri Shiv Pratap Shukla,, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.

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