As many as 69.5 per cent of assessees filed summary input-output returns in April, against 64.61 per cent in the previous month. "Therefore, this month's revenue can not be taken as a trend for the future", the finance ministry said in a press release.
There is no denying the fact that GST collection of Rs 1 lakh crore mark is creditworthy and reflects the acceptance of the tax by the broader economy.
In a first, GST revenues for the month of March collected in April surpassed Rs1 trillion.
"GST collections in April exceeding Rs 1 lakh crore is a landmark achievement and a confirmation of increased economic activity as brought out by other reports", tweeted finance minister Arun Jaitley.
Jaitley said increased tax collections will help the nation to "expand its economic horizons" and "take it to loftier heights".
Since the tax on domestic supplies in a month comes in through returns and gets collected in the next month, therefore, GST on domestic supplies was collected only in eight months from July-February and the March collections are being accounted for April of this fiscal.
The rise in GST revenue could also be linked to the rollout of e-way bills, according to experts.
The average monthly collection from August to March after the implementation of GST was in the range of Rs 89,885 crore, with the total revenue collections from between August 2017 and March 2018 standing at Rs 7.19 lakh crore.
"The impact of e-Way bill can be seen from the figures of GST revenue collection". The department further noted that the Central and State Governments earned a total revenue of Rs. 32,493 crore for CGST and Rs. 40,257 crore for the SGST respectively, after settlement in the month of April.
Sandeep Chilana, Partner, Shardul Amarchand Mangaldas, said: "GST collections for the month of March 2018 shows buoyance and increasing acceptance for compliances under GST laws".
Touted as anti-evasion measure, the e-way bill is required to be generated for moving goods worth over Rs 50,000 from one state to another.
Other such measures like reverse charge, TDS and TCS provisions and invoice matching, which are now kept in abeyance, will help raise GST collections once they are implemented.
Former Unionist MP John Taylor has commented on Leo Varadkar's alleged lack of manners as "typical Indian" behaviour. Lord Kilclooney said the tweet was "not racist" but "shorthand for an Indian surname which I could not spell".
A tree gifted to US President Donald Trump by French President Emmanuel Macron has disappeared from the White House . A TREE planted on the White House lawn as a symbol of friendship between the USA and France has disappeared.
The Pelicans' shooting guard Jrue Holiday said that he does what he can to play his best but ultimately, it's all in God's hands. Davis is one of the five best players in the National Basketball Association , so Looney's Game 1 success won't be sustainable.
The actress is survived by her mother, her brothers, and her nephews and nieces. "Love to her family", Jonathan Lipnicki wrote. I remember being in bed (I was 17) and hearing the radio come on saying that the Challenger had just exploded.
The teenager has also become one of the youngest players to reach the Barcelona final, only beaten by Nadal who was 18, in 2005. Greek 19-year-old Tsitsipas stormed into his first ATP final by beating Spain's World No. 11 Pablo Carreno Busta 7-5, 6-3.
Captain Jeff Bezore, a spokesman for the Georgia Air National Guard's 165th Air Wing, said the crash killed at least five people. As the smoke dissipated, he said, helicopters buzzed around the crash scene, and fire trucks continued to rush toward the scene.
Sephora for example will allow users to try on some make-up looks, and then share photos or videos with their Facebook friends. M Suggestions now operate in 11 countries and are available in English, German, Spanish, French, and Thai.
While exact amounts will highly depend on the placement of thunderstorms, widespread rainfall amounts of 1-2 inches are expected. Some communities that will likely have to contend with a threat of severe weather include Oklahoma City , Topeka and Wichita.
Elections in 2014 were disputed, resulting in rival governments backed by competing military alliances in Tripoli and the east. A group of militants, including at least two suicide bombers, stormed the building and set fire to it.
Very windy, with a south wind 22 to 27 miles per hour increasing to 31 to 36 miles per hour in the afternoon. Clouds decrease for Saturday as the high temperature stays at 66 degrees and the low falls to 44 degrees.
The short message platform has turned into a video powerhouse, generating revenue from video ads both in the USA and overseas . With video content accounting for more than half of its ad revenue, Twitter's move is not only bold, but brainy.
Model 3 production issues are burning through Tesla's cash
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Hospital treating 7 people injured in explosion
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Japanese prime minister in Israel on official visit
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Myanmar army chief denies rape of Rohingya
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Royal wedding carriage chosen by Meghan Markle, Prince Harry
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Grand Ledge HS Senior Leads Pro-Second Amendment Walkout
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Xiaomi IPO Will Be Huge
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The surprise in Apple earnings
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Instagram adds video chat to its host of features
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City up for three April Premier League awards
Manchester City have played free flowing football throughout the season and this match was no different from that. They were excellent and we didn't defend as well as we have done against the other big teams this season'.
Oculus Go Standalone Headset Now Available For $199
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