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

GAIL expedites Jagdishpur-Haldia and Bokaro-Dhamra pipeline project work

 Stepping up the momentum for construction of the Jagdishpur-Haldia and Bokaro-Dhamra natural gas pipeline (JHBDPL) and Barauni – Guwahati Pipeline (BGPL) pipeline, GAIL (India) has winded up finalising awards for Rs 10,500 crore contracts for pipe supply and laying of the integrated 3,400 km-lo

Life without land, land without life

People stare at the barren fields. They remember how green this stretch was, what a dense jungle there was, even if it is difficult for a visitor to imagine so. This land once supported its people, providing them enough opportunity to earn from their labour. Today, the stretch lies unused, a constant rem

Mandovi and Konkankanya express trains get German LHB coaches

To ensure safety of passengers and better comfort, Konkan Railway has decided to replace the old coaches of Madgaon Junction-Mumbai CSMT Mandovi express and Madgaon Junction-Mumbai CSMT Konkankanya express with German LHB design coaches.   The LHB coaches have been designed for i

54,000 towers installed by BSNL in 2018-19 FY

State run BSNL has installed 54,000 telecom towers in the recently concluded 2018-2019 fiscal, which is higher than the combined figures of the previous three financial years.   BSNL claimed that over 50 lakh subscribers have ported their number to BSNL from other operators in 20

Pulwama gets high speed internet service ‘Bharat Fibre’

BSNL has recently rolled out its premium ‘Bharat Fibre’ service in Pulwama town in the Kashmir Valley.   Bharat Fibre service delivers high speed internet and high quality voice services to its customers. The customer can chose from various unlimited data with unlimit

Will this end the ledger-demain?

Chartered accountants may have succeeded stupendously in business or as corporate heads. But as auditors, they haven’t given a sterling account of themselves as the gatekeepers they are meant to be. The whiff of chicanery hanging around lawyers now hangs around big auditing firms and CAs too. Of late

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter