Rs. 94,016 Cr gross GST revenue in May 2018, higher than last FY's Rs. 89,885 Cr monthly average

Govt. records total gross GST revenue of Rs. 94,016 Cr in the month of May 2018; Said amount comprises of Rs. 15,866 Cr towards CGST, Rs. 21,691 Cr of SGST, Rs. 49,120 Cr of IGST (including Rs. 24,447 Cr on imports) and Rs. 7,339 Cr of Cess (including Rs. 854 Cr on imports); Total revenue earned by Central Govt. and State Govts. after settlement in May 2018 is Rs. 28,797 Cr for CGST and Rs. 34,020 Cr for SGST; Govt. informs that on May 29, Rs. 6,696 Cr has been released to th...