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December total GST collection at Rs 94,726 cr vs Rs 97,637 cr in November

Compensation released to states for August-September stood at Rs 11,922 crore

Press Trust of India  |  New Delhi 

Here's how govt can still meet fiscal deficit target despite GST shortfall

collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in the previous month.The total number of sales returns or GSTR-3B filed till December 30, 2018, is 72.44 lakh, the finance ministry said in a statement.

Compensation released to states for August-September stood at Rs 11,922 crore.

Of the Rs 94,726 crore collected, Central (CGST)collection is Rs 16,442 crore, State (SGST) is Rs 22,459 crore, Integrated GST (IGST) is Rs 47,936 crore and Cess is Rs 7,888 crore.

The government has settled Rs 18,409 crore to and Rs 14,793 crore to from as regular settlement, it said.

The total revenue earned by central government and state governments after regular settlement in December is Rs 43,851 crore for and Rs 46,252 crore for SGST, the ministry added.

The Goods and Services Tax (GST) collection stood at Rs 1.03 lakh crore in April, Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August, Rs 94,442 crore in September, Rs 1,00,710 crore in October and Rs 97,637 crore in November.

First Published: Tue, January 01 2019. 16:24 IST
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