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Good and Services Tax (GST) collection for May declines to Rs.94,016 crore.
The revenue collection for April was at Rs.1.03 lakh crore. The ministry stated, “Though current month’s revenue collection is less compared to last month’s revenue, still the gross revenue collection in the month of May (Rs.94,016 crore) is much higher than the monthly average of GST collection in the last financial year 2017-18 (Rs.89,885 crore).”
Although, the tax collected was relatively lower, but the total number of GSTR 3B or summary returns filed for the month of April, up to May 31 rose to 62.47 lakh, from 60.47 lakh a month ago, showing better compliance.
