GST Jan Month collections of Rs 86,318 crore is less than Dec month collection

GST Jan Month collections of Rs 86,318 crore is less than Dec month collection GST Jan Month collections is Rs 86,318 crore GST Revenue Figures Jan 2018 CBEC confirmed that the total revenue collection under GST for the month of January Rs 86,318 crore, till February 25, There is reduction in the Collection as compare to Dec month collection In December Rs 86,703 crore was collected. The last date for payment of GST for the month of Jan 2018 was 20^th Feb, 2018. "Till 25^th Feb 2018 1.03 crore taxpayers have been registered under GST. So far,17.65 lakh dealers got registered as Composition Dealers," according to Ministry of Finace. According to the Finance Ministry, out of 17.65 lakh dealers, 1.23 lakh Composition Dealers have opted-out of Composition Scheme and have thus become regular taxpayers. "Till 25th Feb,2018 there are 16.42 lakh Composition Dealers which are reqd to file returns every Quarter & 87.03 lakh taxpayers to file monthly returns". For the Month of Jan 2018 57.78 lakh GSTR 3B returns have been filed till 25th February. This is 69 percent of total taxpayers which are required to file monthly returns, the ministry added Of the Rs. 86,318 crores collected under GST for January, Rs.14,233 crores have been collected as CGST, Rs.19,961 crores has been collected as SGST, Rs.43,794 crores collected as IGST & Rs. 8,331 crores collected as Compensation Cess. Collections under the GST, implemented from July 1 last year, were over Rs 95,000 crore for the first month, while in August the figure just over Rs 91,000 crore. In September, it was over Rs 92,150 crore, October (Rs 83,000 crore), November (Rs 80,808 crore) and December Rs 86,703 crore

GST July Month collections of Rs 92,000 crore exceeded target

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