Wednesday 27 December 2017

Govt. records Rs. 80,808 Cr GST revenue in December; 53.06 lakh returns for November till December 25

Finance Ministry releases GST figures for the month of December, upto 25th; Registers total collection of Rs. 80,808 Cr comprising of Rs. 13,089 Cr  from CGST, Rs. 18,650 Cr from SGST, Rs. 41,270 from IGST and Rs. 7,798 Cr from Compensation Cess; Rs. 10,348 Cr is being transferred from IGST to CGST account, while Rs. 14,488 Cr to SGST account by way of settlement of funds, towards cross utilization of IGST credit for payment of CGST and SGST respectively, or due to inter-state B2C transactions; Thus, total collection of CGST and SGST for December is Rs 23,437 Cr and Rs. 33,138 Cr respectively including transfers by way of settlement, states the Ministry; On the registrations front, records 99.01 lakh taxpayers till said date, of which 16.60 lakh are composition dealers required to file quarterly returns; 53.06 lakh returns have been filed for November, till December 25 : Finance Ministry Press Release 

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