GST yields ₹ 90,669 crore in August

Goods and Services Tax – GST – Dated:- 27-9-2017 – New Delhi, Sep 26 (PTI) Total GST collection for August touched ₹ 90,669 crore, against ₹ 94,063 crore mopped up in the first month of the new indirect tax regime rollout. The number includes transitional credit claims of taxpayers in July which according to the government are just ₹ 12,000 crore and not ₹ 65,000 crore as previously claimed. According to the revised estimate, the GST mop-up for July stood at ₹ 94,063 crore, up from the initial projection of ₹ 92,283 crore. The total revenue of GST paid under different heads (up to September 25, 2017) is ₹ 90,669 crore, an official statement said, adding these figures do not include GST paid by 10.2

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till a number of assessees who have not filed their returns either for July or August 2017. The increase in the above stated figures will be informed in due course, it said. The total number of taxpayers who were required to file monthly returns for August is 68.20 lakh, of which, as on September 25, 37.63 lakh GSTR 3B returns have been filed, it said. The GST was implemented across the country in place of more than a dozen central and state levies like excise duty, service tax and VAT, from July 1. In July, the GST collection was ₹ 92,283 crore from 64.42 per cent of the total taxpayer base. Of this, as much as ₹ 14,894 crore has come in from the Central GST (CGST), ₹ 22,722 crore from State GST (SGST), ₹ 47,469 cro

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