Home India Goods & Services Tax collections

Goods & Services Tax collections


Deprecated: Array and string offset access syntax with curly braces is deprecated in /var/www/wp-content/plugins/premium-seo-pack/lib/scripts/php-query/php-query.php on line 2196

Deprecated: Array and string offset access syntax with curly braces is deprecated in /var/www/wp-content/plugins/premium-seo-pack/lib/scripts/php-query/php-query.php on line 2220

Deprecated: Array and string offset access syntax with curly braces is deprecated in /var/www/wp-content/plugins/premium-seo-pack/lib/scripts/php-query/php-query.php on line 2262

Deprecated: Array and string offset access syntax with curly braces is deprecated in /var/www/wp-content/plugins/premium-seo-pack/lib/scripts/php-query/php-query.php on line 2264

Deprecated: Array and string offset access syntax with curly braces is deprecated in /var/www/wp-content/plugins/premium-seo-pack/lib/scripts/php-query/php-query.php on line 2265

The Government maintains month-wise data of Goods & Services Tax collection. The details of collections from July, 2017 to June 2018 are at Annexure.

 

The accounting of GST collections in the Central Government is done on the cash basis. Accordingly, the accounting with regard to CGST, IGST and Compensation Cess is done upon the happening of actual event of collections, refunds and settlements. The details are at Annexure.

 

The Government maintains the data of IGST collected and apportioned. The month-wise details are at Annexure.

 

Apart from the regular monthly IGST settlement, the Government has done provisional settlement of un-apportioned IGST lying with the Centre of a total of Rs. 85000 crores (Rs 35,000 in month of February, 2018 and Rs. 50,000 crore in month of June, 2018) equally between Centre and States.

 

This was stated by Shri Shiv Pratap Shukla, Minister of State for finance in a Written Reply to a Question in Lok Sa

The Government maintains month-wise data of Goods & Services Tax collection. The details of collections from July, 2017 to June 2018 are at Annexure.

 

      The accounting of GST collections in the Central Government is done on the cash basis. Accordingly, the accounting with regard to CGST, IGST and Compensation Cess is done upon the happening of actual event of collections, refunds and settlements. The details are at Annexure.

 

The Government maintains the data of IGST collected and apportioned. The month-wise details are at Annexure.

 

Apart from the regular monthly IGST settlement, the Government has done provisional settlement of un-apportioned IGST lying with the Centre of a total of Rs. 85000 crores (Rs 35,000 in month of February, 2018 and Rs. 50,000 crore in month of June, 2018) equally between Centre and States.

 

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.

 

****

DSM/KA

Annexure

 

Figures in Rs. crore




































   

CGST

   

IGST

   

Comp. Cess

 

Total Net

Month

Gross

Refund

Settlement

Net

Gross

Refund

Settlement

Net

Gross

 

Refund

 

Net

 
     

(+)

     

(-)

             

July

10

   

10

20958

   

20958

593

     

593

21561

                             

August

15252

 

3297

18549

49968

 

10978

38990

7156

     

7156

64695

                             

September

15131

 

5081

20212

48930

 

15933

32997

8024

     

8024

61233

                             

October

14962

 

7855

22817

47995

76

21144

26775

8032

     

8032

57624

                             

November

13690

 

10145

23836

42694

48

24027

18619

7103

     

7103

49557

                             

December

13928

86

10348

24190

42765

805

24835

17125

7922

 

23

 

7898

49213

                             

January

14874

287

8583

23170

45338

2247

23651

19441

8070

 

21

 

8049

50660

                             

February

14763

511

28827

43079

42382

2325

59806

-19749

8196

 

23

 

8172

31502

                             

March

16266

1015

12140

27390

46326

7294

25564

13468

7520

 

42

 

7478

48336

                             

Total

118876

1899

86275

203253

387356

12794

205938

168623

62614

 

109

 

62505

434381

                             
         

GST Collection (FY 2018-19)

             
   

CGST

   

IGST

   

Comp. Cess

 

Total Net

Month

Gross

Refund

Settlement

Net

Gross

Refund

Settlement

Net

Gross

 

Refund

 

Net

 
     

(+)

     

(-)

             

April

18653

392

13841

32102

50548

1852

28395

20301

8554

 

16

 

8538

60942

                             

May

15866

681

12931

28116

49120

5800

25261

18060

7339

 

75

 

7265

53440

                             

June (FF)

15968

593

15676

31052

49498

9223

30338

9937

8122

 

105

 

8017

49005

                             

Total

50487

1666

42448

91270

149166

16875

83993

48298

24015

 

195

 

23820

163388

                             

 

bha today.

 

****

DSM/KA