The Goods and Services Tax (GST) was introduced on 1st of July, 2017.
In the press release dated 29th August, 2017, it was reported that the total revenue
of GST paid under different heads for the month of July, 2017 (upto 29th
August) was Rs. 92,283 crore. Out of the total GST collection of Rs. 92,283
crore, the total CGST revenue was Rs. 14,894 crore, SGST revenue was Rs.22,722
crore, IGST revenue was Rs.47,469 crore (of which IGST from imports was
Rs.20,964 crore) and Compensation Cess was Rs.7,198 crore (of which Rs.599
crore is Compensation Cess from imports). Many assessees have been filing the
returns for July 2017 belatedly and till 31st August, 2017 and the total GST
paid for July is Rs. 94,063 crore.
2. The last date for payment of
GST as well as filing of GSTR 3B return for the month of August 2017 was 20th
September, 2017. The total number of tax payers who were required to file
monthly returns for August 2017 is 68.20 lakhs, of which, as on 25th September,
2017, 37.63 lakh GSTR 3B returns have been filed.
3. The total revenue of GST
paid under different heads (upto25th September, 2017) isRs.90,669 crore. The
total CGST revenue is Rs. 14,402crore, SGST revenue isRs.21,067 crore, IGST
revenue isRs.47,377 crore (of which IGST from imports in August 2017 is
Rs.23,180 crore) and Compensation Cess is Rs.7,823 crore (of which Rs. 547
crore is Compensation Cess from imports in August 2017).
4. The above figures obviously
do not include the GST to be paid by 10.24 lakh assessees who have opted for
the composition scheme. Additionally, there are still a number of assessees who
have not filed their return either for July or August, 2017. The increase in
the above stated figures will be informed in due course.