Highest GST Revenue collection

(Ministry of Finance)

WHAT

The total gross GST revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including  Rs 23,289 crore collected on imports) and Cess is Rs 9,168 crore (including Rs 1,053 crore collected on imports). The total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh.

 

GST

• It is an indirect tax on the supply of goods and services. It is a comprehensive multistage, destination based tax.
• Comprehensive because it has subsumed almost all the indirect taxes except few.
• Goods and services are divided into five different tax slabs for collection of tax – 0%, 5%, 12%, 18% and 28%.
• The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of centre and all the states.

REVENUE

Revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover.

 

Source: PIB

 

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