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GST Revenue Figures As on 25th September, 2017

Delhi 

Figures As on 25th September, 2017

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total of paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283 crore. Out of the total collection of Rs. 92,283 crore, the total CGST was Rs. 14,894 crore, SGST was Rs.22,722 crore, IGST was Rs.47,469 crore (of which IGST from imports was Rs.20,964 crore) and Compensation Cess was Rs.7,198 crore (of which Rs.599 crore is Compensation Cess from imports). Many assessees have been filing the returns for July 2017 belatedly and till 31st August, 2017 and the total paid for July is Rs. 94,063 crore.

  1. The last date for payment of as well as filing of GSTR 3B return for the month of August 2017 was 20th September, 2017. The total number of tax payers who were required to file monthly returns for August 2017 is 68.20 lakhs, of which, as on 25th September, 2017, 37.63 lakh GSTR 3B returns have been filed.
  2. The total of paid under different heads (upto 25th September, 2017) is Rs. 90,669 crore. The total CGST is Rs. 14,402 crore, SGST is Rs. 21,067 crore, IGST is Rs. 47,377 crore (of which IGST from imports in August 2017 is Rs. 23,180 crore) and Compensation Cess is Rs.7,823 crore (of which Rs. 547 crore is Compensation Cess from imports in August 2017).
  3. The above figures obviously do not include the to be paid by 10.24 lakh assessees who have opted for the composition scheme. Additionally, there are still a number of assessees who have not filed their return either for July or August, 2017. The increase in the above stated figures will be informed in due course.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 26 2017. 00:20 IST