Wednesday 12th, December 2018
canara news

GST collection crosses Rs 94,000 cr in September

Published On : 02 Oct 2018


New Delhi, (IANS) Despite reduced tax rates on several items, revenue collection under the Goods and Services Tax (GST) stood at Rs 94,442 crore in September after sliding to Rs 93,960 crore in August.

"The revenue collected in September shows an upward trend as compared to the August collection," the Finance Ministry said.

The government had last month attributed the dip in tax revenues to "probable postponement" of sale of over 50 items, including refrigerators, washing machines and small televisions, on which tax rate was reduced by the GST Council at its July 21 meeting. The reduced rates were to come into effect from July 27.

"The actual impact of reduction of rate of taxes would be observed only from next month (September)," the Finance Ministry had then said.

Of the total gross revenue collected in September (for August), Rs 15,318 crore was collected as Central-GST (CGST), Rs 21,061 crore as state-GST (SGST) and Rs 50,070 crore as integrated-GST (IGST).

An additional Rs 7,993 crore was collected as cess, an official statement said.

"The total number of GSTR-3B returns filed for August up to September 30 was 67 lakh," it said.

"The total revenue earned by Central government and the state governments after settlement is Rs 30,574 crore for CGST and Rs 35,015 crore for the SGST."

 







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.