Reports are coming that the GST collection has been skyrocket for the government previous month. The last month of the financial year 2018 has been positive and GST collections scaled record high of Rs 1.06 lakh crore in March. Sources are saying that the people are being more responsive and the GST has done great benefits for the Modi Government as well as India.
GST collection records Rs 1.06 lakh cr in March
Sources are saying that the GST collection will grow again and again. Also, they have been up from Rs 97,247 crore in the previous month, as compliance improved amid an increased number of returns filed. Everything is looking good and the “Total gross GST revenue collected in March 2019 is Rs 1,06,577 crore of which Central GST is Rs 20,353 crore, State GST is Rs 27,520 crore, Integrated GST is Rs 50,418 crore and cess is Rs 8,286 crore”.
We think that the total number of summary sales return GSTR-3B filed for the month of February up to March 31, stood at 75.95 lakh. You all should know that the things are fine and the collection has been highest since the introduction of GST and also reflects a 15.6 percent growth over March 2018. You all should know that the growth is surely good and the collection of Rs 92,167 crore increased.
Record GST Collections: Rs 1.06 Lakh Crore In March Even As Centre Misses FY19 Collection Target
Also, the monthly average of GST revenue during the 2019-19 period was around Rs 98,114 crore averagely. The average numbers are higher than 9.2 percent. You all should know that these figures indicate that the revenue growth has been picking up in recent months. The government has lowered the GST collection target for 2018-19 fiscal to Rs 11.47 lakh crore.
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