Riding on better compliance after introduction of e-way bills, the government collected Rs 94,016 crore in the form of goods and services tax ( GST ) against an average mop up of nearly Rs 90,000 crore per month in FY 2017-18.Giving up the break up, Finance Ministry said Rs.15,866 crore was collected as CGST, Rs 21,691 crore as SGST, Rs 49,120 crore IGST (including Rs. 7,339 crore (including Rs 854 crore collected on imports).The total revenue earned by Central Government and the State Governments after settlement in the month of May, 2018 is Rs.28,797 crore for CGST and Rs 34,020crore for the SGST. "Total GST collection for May 2018 is Rs 94,016 crores, which is higher compared to average monthly collection of Rs 89,885 crore of 2017-18. "Though current month's revenue collection is less compared to last month's revenue, still the gross revenue collection in the month of May (Rs 94,016 crore) is much higher than the monthly average of GST collection in the last Financial Year (Rs 89,885 crore). GST collections had crossed Rs 1 lakh crore for the first time in April.

Source: Economic Times June 01, 2018 06:51 UTC