The Centre on Thursday said the Goods and Services Tax (GST) collection in the month of July has crossed Rs 1 lakh crore with the total tax collected touching at Rs 1.02 lakh crore.
The total number of GSTR 3B Returns filed for the month of June up to July 31 is 75.79 lakh, the Ministry of Finance said in a statement.
The total gross GST revenue collected in the month of July, 2019 is Rs 1,02,083 crore of which CGST is Rs 17,912 crore, SGST is Rs 25,008 crore, IGST is Rs 50,612 crore (including Rs 24,246 crore collected on imports) and Cess is Rs 8,551 crore (including Rs 797 crore collected on imports), it said.
The revenue collection for the same month last year stood at Rs 96,483 crore. The GST collected this year in July has recorded a growth of 5.80% over the revenue in the same month last year.
During April-July, the domestic component has grown by 9.2% year-on-year while the GST on imports has come down by 0.2% and the total collection has grown by 6.83%.
Rs 17,789 crore has been released to the states as GST compensation for the months of April-May, 2019, the ministry said.
GST Collection in FY 2019-20 (Source: PIB)
According to figures released by the ministry, the highest GST collection this year was in April when Rs 1,13,865 crore were collected. It came down to Rs 1,00,289 crore in May and went further down to Rs 99,939 crore in June.
