Revenue from GST touched Rs 7.19 lakh crore from August 2017 to March 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.2017-18	Oct-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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