For the first time in the history of Goods and Services Tax (GST) regime since July 1 last year, the GST collection in April crossed the Rs 1 lakh-crore mark. With the optimism of good tax revenue, the Government expects an upswing in the economy and better compliance.
According to the Finance Ministry statement released on Tuesday, the total gross GST revenue collected in April 2018 is Rs 1,03,458 crore of which CGST is Rs 18,652 crore, SGST is Rs 25,704 crore, IGST is Rs 50,548 crore (including Rs 21,246 crore collected on imports) and cess is Rs 8,554 crore, including Rs 702 crore collected on imports.
Commenting on the figures in April, Finance Minister Arun Jaitley expressed hope the positive trend in collection of GST would continue.