Companies LawLegal Updates

Govt. collects revenue of Rs. 96,483 Crore from GST in July 2018 & releases Rs. 3899 crore to states for GST compensation

FinMin Updates

Govt. collects revenue of Rs. 96,483 crore as Gross GST in July 2018. Govt. further bifurcates the total GST collected as mentioned below :-

CGST

 

Rs. 15,877 crore
SGST

 

Rs. 22,293 crore
IGST

 

Rs. 49,951 crore (including Rs. 24,852 crore collected on imports)
Cess

 

Rs. 49,951 crore (including Rs. 24,852 crore collected on imports)

 Govt. further mention that the total number of GSTR 3B Returns filed for the month of July 31, 2018 is 66 lakh as compare to GSTR 3B Returns filed for the 30th June, 2018 was 64.69 lakh.

MinFin also highlights that Rs. 3899 crore has been released to the States as GST Compensation for the months of April-May, 2018.

 

 

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