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Business News

Sep 01, 2019
7:30PM

GST collection in August stands at Rs 98,202 cr

@GST_Council
GST collection in the month of August stood at 98 thousand 202 crore rupees. In a release, the Finance Ministry said the total number of GSTR 3B Returns filed for the month of July up to 31st of August is around 76 lakh. 

The government has settled 23 thousand 165 crore rupees to CGST and 16 thousand 623 crore rupees to SGST from IGST as a regular settlement. 

The total revenue earned by the Central Government and the State Governments after regular settlement in the month of August 2019 is  40 thousand 898 crore rupees for CGST and 40 thousand 862 crores for the SGST. 

It said, 27 thousand 955 crore rupees have been released to the states as GST compensation for the months of June and July this year.

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