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VKJ Law Offices of Vinay K. Jain Advocates & Solicitors

GST – Revenue collections log 5.8% growth in July

By TIOL News Service

NEW DELHI, AUG 02, 2019: 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). The total number of GSTR 3B Returns filed for the month of June up to 31st July, 2019 is 75.79 lakh.

The revenue in July, 2018 was Rs.96,483 crore and the revenue during July, 2019 is a growth of 5.80% over the revenue in the same month last year. During April-July 2019 vis-à-vis 2018, the domestic component has grown by 9.2% 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.

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