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26 September 2017
 |
| GST (The Total Investment & Insurance Solutions) |
The
government has collected Rs 90,669 crore in Goods and Services Tax (GST) for
August, the second month of the indirect tax regime rollout.
According to the revised estimate, the GST
mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs
92,283 crore.
"The total revenue of GST paid under
different heads (up to September 25, 2017) is Rs 90,669 crore," an
official statement said, adding these figures do not include GST paid by 10.24
lakh assessees who have opted for composition scheme.
Of
this, as much as Rs 14,402 crore has come in from the Central GST (CGST), Rs
21,067 crore from State GST (SGST), Rs 47,377 crore from Integrated GST (IGST)
and Rs 7,823 crore from compensation cess levied on demerit and luxury goods.
It is to be noted that the last date for
payment of GST as well as filing of GSTR 3B return for the month of August was
September 20, 2017.
The statement further said that there are
still a number of assessees who have not filed their returns either for July or
August 2017.
The increase in the above stated figures will
be informed in due course, it said.
Total number of taxpayers who were supposed
to file monthly returns for August is 68.20 lakh, of which, as on September 25,
37.63 lakh GSTR 3B returns have been filed, it said. The Total Investment & Insurance Solutions
The GST was implemented across the country in
place of more than a dozen central and state levies like excise duty, service
tax and VAT was implemented from July 1.
The Total Investment & Insurance Solutions
In July, the GST collection was Rs 92,283
crore from 64.42 percent of the total taxpayer base. The Total Investment & Insurance Solutions
Of this, as much as Rs 14,894 crore has come
in from the Central GST (CGST), Rs 22,722 crore from State GST (SGST), Rs
47,469 crore from Integrated GST (IGST) and Rs 7,198 crore from compensation
cess levied on demerit and luxury goods.
Many assessees have been filing the returns
for July 2017 belatedly and till August 31, 2017 and the total GST paid for
July is Rs 94,063 crore, it said.The
Total Investment & Insurance Solutions
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