Under the GST structure, taxes are levied under 5, 12, 18 and 28 per cent slabs. Photo: PTI
GST collections in May at ₹1 lakh crore
GST collections touched ₹1 lakh crore in May, as compared to ₹94,016 crore in the year ago period, the government said Saturday. The gross collection in May at ₹1,00,289 crore is, however, lower than ₹1,13,865 crore collected in April.
A total of 72.45 lakh GSTR-3B returns were filed in the month of May, higher than 72.13 lakh in April.
“The total gross GST revenue collected in the month of May, 2019 is ₹1,00,289 crore of which CGST is ₹17,811 crore, SGST is ₹24,462 crore, IGST is ₹49,891 crore and Cess is ₹8,125 crore,” Finance Ministry said in a statement.
An amount of ₹18,934 crore has been released to the states as GST compensation for the months of February-March, 2019.
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