The total number of GSTR 3B filed for the month of March up to April 30, 2018, is 60.47 lakh as against 87.12 lakh who are eligible to file the Return for the month of March, which is 69.5%.
April was also the month for the filing of Quarterly Return for Composition Dealers. Out of 19.31 lakh Composition Dealers, 11.47 lakh have filed their Quarterly Return (GSTR 4) which is 59.40% and have paid total tax of Rs579cr, which is included in the above figure of Rs1.03lakh crore of total GST collection.
The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance. However, it is usually noticed that in the last month of the Financial Year, people also try to pay arrears of some of the previous months also and, therefore, this month’s revenue cannot be taken as trend for the future.
The total revenue earned by the Central Government and the State Governments after settlement in the month of April 2018 is Rs32,493cr for CGST and Rs40,257cr for the SGST.