The Central Government today said that the GST collections grew 6.67 per cent to touch Rs 1 lakh crore in May, as compared to Rs 94,016 crore in the year-ago period.
This is, however, lower than Rs 1,13,865 crore collected in April, which was the highest ever collection since roll out of the GST from July 1, 2017.
This is the third consecutive month in which GST collections have crossed Rs 1 lakh crore mark. In March mop up was Rs 1.06 lakh crore.
An amount of Rs 18,934 crore has been released to the states as GST compensation for the months of February-March, 2019.
The ministry said revenue in May, 2019 is 2.21 per cent higher than the monthly average of GST revenue in fiscal 2018-19 (Rs 98,114 crore) and 6.67 per cent higher than May 2018 collections.
During May 2019, the government has settled Rs 18,098 crore to CGST and Rs 14,438 crore to SGST from IGST as regular settlement.
The total revenue earned by the central government and the states after regular settlement in the month of May, 2019 is Rs 35,909 crore for CGST and Rs 38,900 crore for the SGST, the ministry added.
According to the official report, the total number of GSTR 3B returns filed for April up to May 31 is 72.45 lakh.
