The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today.
The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today. Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore. Integrated GST collections stood at Rs 48,948 crore, of which Rs 23,951 crore was on account of imports. “The total revenue of GST paid under different heads (up to October 23, 2017) for the month of September 2017 is Rs 92,150 crore,” finance ministry said in a statement. Collection under compensation cess stood at Rs 7,988 crore, of which Rs 722 crore is compensation cess from imports in September. Till yesterday 42.91 lakh business entities had filed initial GSTR-3B returns for September. As per the data available, GST collections for the maiden month of July were over Rs 95,000 crore, while for August the figure was over Rs 91,000 crore.
September was the third month of GST roll out. GST which amalgamates over a dozen taxes, including excise duty and service tax, was rolled out on July 1.