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

 

Comments

 

Other News

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter