This is the fifth time after the introduction of the new indirect tax regime when the collection is above Rs 1 lakh crore. “The total gross GST revenue collected in April 2019 is Rs 1,13,865 crore, of which central GST (CGST) is Rs 21,163 crore, state GST (SGST) is Rs 28,801 crore, integrated GST is Rs 54,733 crore and cess is Rs 9,168 crore,” an official statement said. However, an increase of over 16 per cent on the annual average does indicate that GST revenues have now stabilised,” he said. The government has settled Rs 20,370 crore to CGST and Rs 15,975 crore to SGST from IGST as regular settlement. Abhishek Jain, tax partner at EY, said, “The steady growth in GST collections is quite positive and reinforces the confidence in this tax regime.

Source: The Telegraph May 01, 2019 18:33 UTC