GST collection reaches record high of Rs 1.13 lakh crore in April
The government has set a GST collection target of Rs 6.10 lakh crore from CGST and Rs 1.01 lakh crore as compensation cess for the financial year 2019-20
- May 1, 2019,
- Updated May 1, 2019 4:20 PM IST
The GST collection reached an all-time high of Rs 1.13 lakh crore in the month of April. This is the highest ever GST mop-up since the indirect tax regime was rolled out. This amounts to a 6.6 per cent increase over the last high of Rs 1.06 lakh crore recorded in March this year.
"The total gross GST revenue collected in April 2019 is Rs 1,13,865 crore of which Central GST is Rs 21,163 crore, State GST (SGST) is Rs 28,801 crore, Integrated GST is Rs 54,733 crore and cess is Rs 9,168 crore," the Ministry of Finance said in a statement on Wednesday.
Centre to gain more from GST than states: Ex-RBI Governor Y V Reddy
The GST collection reached an all-time high of Rs 1.13 lakh crore in the month of April. This is the highest ever GST mop-up since the indirect tax regime was rolled out. This amounts to a 6.6 per cent increase over the last high of Rs 1.06 lakh crore recorded in March this year.
"The total gross GST revenue collected in April 2019 is Rs 1,13,865 crore of which Central GST is Rs 21,163 crore, State GST (SGST) is Rs 28,801 crore, Integrated GST is Rs 54,733 crore and cess is Rs 9,168 crore," the Ministry of Finance said in a statement on Wednesday.
Centre to gain more from GST than states: Ex-RBI Governor Y V Reddy