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

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

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