99 lakh taxpayers registered under GST

The total collection under GST for the month of December 2017 has been Rs. 80,808 crore

GN Bureau | December 27, 2017


#Narendra Modi   #Goods and Services Tax   #GST  


As many as 99.01 taxpayers have been registered under the GST, authorities said on Wednesday.

The total collection under GST for the month of December 2017 has been Rs. 80,808 crore till December 25.

A press release said that 53.06 lakh returns have been filed for the month of November till December 25.  Of the Rs. 80,808 crore collected under GST for the month of December, 2017, Rs. 13,089 crore have been collected as CGST, Rs. 18,650 crore has been collected as SGST,  Rs. 41,270 crore has been collected as IGST and Rs. 7,798 crores has been collected as Compensation cess.

It added that Rs. 10,348 crore is being transferred from IGST to CGST account and Rs. 14,488 crore is being transferred from IGST to SGST account by way of settlement of funds on account of cross utilization of IGST credit for payment of CGST and SGST respectively or due to inter State B2C transactions.

A total amount of Rs. 24,836 crores is being transferred from IGST to CGST/SGST account by way of settlement.

Read: The flawed premises of GST

 

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