Question: What is the money value of total Gross GST revenue collected in the month of March, 2019?
(a) Rs. 1,06,577 crore
(b) Rs. 1,25,620 crore
(c) Rs. 1,50,000 crore
(d) Rs. 1,55,365 crore
Answer: (a)
Related facts:
(a) Rs. 1,06,577 crore
(b) Rs. 1,25,620 crore
(c) Rs. 1,50,000 crore
(d) Rs. 1,55,365 crore
Answer: (a)
Related facts:
- GST revenue collections stood at Rs. 1, 06,577 crore in March, as per government notification issued on 1 April, 2019.
- That marked the highest monthly collection since the introduction of GST.
- Out of the total GST collections last month, revenue from Central GST was at Rs. 20,353 crore, from State GST was at 27, 520 crore from IGST was at Rs. 50, 418 crore and from Cess was at Rs. 8,286 crore.
- The total number of GSTR 3B Returns filed for the month of February up to 31st March, 2019 is 75.95 Lakh.
- The revenue in March, 2018 was Rs. 92,167 crore and the revenue during March, 2019 is a growth of 15.6% over the revenue in the same month last year.
- The revenue for the last quarter in the year 2018-19 is Rs. 98,114 crore which is 9.2 % higher than FY 2017-18.
- These figures indicate that the revenue growth has been picking up in recent months, despite various rate rationalization measures.
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