Home News & Interview GST Collection in August Stands at Rs 98,202 cr

GST Collection in August Stands at Rs 98,202 cr

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GST Collection in August Stands at Rs 98,202 cr
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The gross goods and services tax (GST) collection in August, 2019 stood at Rs. 98,202 crore, up 4.51% compared to Rs. 93,960 crore in the same month (August) last year.

However, GST collections in August dropped to Rs. 98,202 crore from over Rs. 1.02 lakh crore in the previous month (July), the Ministry of Finance said on Sunday.

This is the second time during this year that the revenue collection from the GST slipped below the Rs. 1 lakh crore mark. First it happened in June when the collection was Rs. 99,939.

Central GST collections stood at Rs. 17,733 crore, State GST Rs. 24,239 crore, and Integrated GST Rs. 48,958 crore (including Rs. 24,818 crore collected on imports) during August this year, a statement said.

The number of GSTR 3B Returns (summary of self-assessed return) filed for the month of July up to end-August totalled 75.80 lakh.

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