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Monthly GST Collections Cross Rs 1 Lakh Crore Mark For Third Time In 2018-19: 10 Things To Know
03 Feb 2019, 02:12 PM IST 
GST collection: The revenue stood at Rs 1,02,503 crore last month, the finance ministry said in a release
- The GST data marked the third month in the current financial year in which GST collections crossed the Rs 1 lakh crore mark, with the other two months being April and October.
- The collections had stood at Rs 1,03,458 crore and Rs 1,00,710 crore in April and October respectively.
- The government also said that the jump in collections last month was achieved despite various tax reductions having come into force that provided major relief to the consumers.
- Out of the total collections, revenue from CGST or central goods and services tax was at Rs 17,763 crore in the month, the Ministry of Finance said in its February 2 statement.
- SGST or state goods and services tax came in at Rs 24,826 crore, while IGST or integrated GST was at Rs 51,225 crore (including Rs 24,065 crore collected on imports).
- The total number of GSTR 3B returns - applicable to registered taxpayers - filed for the month of December up to January 31, 2019 was 73.3 lakh, it noted.
- In his Budget speech this year, Union Minister Piyush Goyal had said: "GST has resulted in increased tax base, higher collections and ease of trade. This will reduce the interface between the tax payer and the Government for day-to-day operations and assessments."
- He also said that with the online returns filing and e-way bill system in place, inter-state movement has become "faster, more efficient and hassle free with no entry tax, check posts, and truck queues". (Read full budget speech here)
- The government has pegged its estimate for GST collections in 2019-20 at Rs 7,61,200 crore. That marks an 18.2 per cent increase from the revised estimate of Rs 6,43,900 crore for the current financial year.
- Here's how the government's GST collections have been so far this year.
(The trends in 2018-19 GST revenue as against 2017-18)
