India’s total Goods and Service (GST) collection for the month of May, 2018 stood at Rs 94,016 crore, the finance ministry said in a statement.

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This is higher compared to average monthly collection of Rs 89,885 crore of 2017-18, said union finance secretary Hashmukh Adhia. However, GST collections for the month of March crossed Rs 1 lakh crore for the first time.

Of the Rs 94,016 crore, Rs 15,866 crore has been collected as Central GST (CGST), Rs 21,691 crore as State GST (SGST), Rs 49,120 crore as Integrated GST (IGST) (including Rs. 24,447 crore collected on imports) and Rs 7,339 crore compensation cess (including Rs 854 crore collected on imports), said the statement.

The total revenue earned by Central government and the state governments after settlement in the month of May, 2018 is Rs 28,797 crore for CGST and Rs 34,020 crore for the SGST.

This month's collection reflects better compliance after introduction of e-way bills, tweeted Adhia.

The number of returns filed for the month of April up to May 31, is 62.46 lakh as against 60.47 lakh filed for March, till April 30, the statement said.

"Though current month’s revenue collection is less compared to last month’s revenue, still the gross revenue collection in the month of May is much higher than the monthly average of GST collection in the last Financial Year (Rs. 89,885 crore). The April revenue figure was higher because of year end effect," the ministry said.

First Published:Jun 1, 2018 12:24 PM IST