The finance ministry showcases Goods and Services Tax which has been registered for a certain amount in the month of June 2019. It has been proven that the growth was sluggish in comparison to Rs. 1,00,289 crore in May 2019. When it comes to June, the collection has been higher than Rs 95,610 crore that has been the same in the month of the previous year.
When it comes in terms of the collections, it comprises of receipts presented by both the Centre and State governments of GST. This had been amalgamated with 17 different indirect tax levies that have been dated two years back.
As per the Government of India, Ministry of Finance, the total gross GST revenue that has been collected in the month of June 2019 has been Rs. 99,939 crore. Out of which CGST is nearly Rs. 18,366 crore, SGST has been nearly around Rs. 25,343 crores and then there is IGST which is nearly Rs 47,772 crore. This further includes Rs. 21,980 crore that gets to be collected through imports.
And apart from all, there is Cess which is nearly Rs. 8,457 crore and that further includes Rs 876 crore that is collected through imports too. When it comes to calculation of the total GSTR 3B Returns that gets to be filed for the May till 30th of June 2019 has been 74.38 lakhs.
As per the Ministry of Finance, the government has got settled to Rs 18,169 crore to CGST and Rs 13,613 crore to SGST from IGST as per the regular settlement. As per the Central Government and the State Governments, the total revenue earned after the regular settlement during the month of June 2019 is Rs 36,535 crore for CGST and Rs 38,956 crore for the SGST.
When it comes in comparison to June in the year 2018 has been Rs, 95,610, and that the revenue during June 2019 has a growth of nearly 4.52 percent over the revenue in the same month, last year. The revenue collected in June 2019 has been 1.86 percent is higher than that of the monthly average of GST revenue in FY 2018-2019, standing nearly Rs 98,114 crore.
