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Revenue from Goods and Services Tax touches Rs. 7.19 lakh crore between August 2017 and March 2018

New Delhi: The revenue from the Goods and Services Tax (GST) touched Rs. 7.19 lakh crore between August 2017 and March 2018. The Monthly Revenue Average from GST was at Rs. 89,885 crores for the said period. 

The details of month-wise Goods & Services tax collection are as follows:

 

 

 

Table

 

 

 

 

Figures in Rs Crores

 

 

 

 

 

 

MONTH

 

Total collection

 

Aug-17

 

95,633

 

 

Sep-17

 

94,064

 

F.Y.2017-18

Oct-17

 

93,333

 

Nov-17

 

83,780

 

Dec-17

 

84,314

 

Jan-18

 

89,825

 

 

Feb-18

 

85,962

 

 

Mar-18

 

92,167

 

 

Total

 

7,19,078

 

 

Average

 

89,885

 

 

The introduction of the e-way bill is expected to improve overall Goods and Services Tax (GST) compliance. The Gross Revenue Collection in the month of April, 2018 (Rs.1,03,459 crore), May, 2018 (Rs. 94,016 crore), June, 2018 (Rs. 95,610 crore) and July, 2018 (Rs. 96,483) which is higher than the monthly average of GST collection in the last financial year FY 2017-18 i.e. Rs 89,885 crore.

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