GST collections up at Rs. 86,703 cr in December

Revenue collections under the goods and services tax have risen marginally in December. The Finance Ministry on Thursday said total revenue collections under GST for the month of December 2017 (received up to January 24) stood at ₹ 86,703 crore. It had stood at ₹ 83,346 crore in November 2017.

One crore taxpayers have been registered under GST, of which 17.11 lakh are composition dealers, who are required to file returns every quarter, the Ministry further said.

For the July-September quarter, about 8.10 lakh returns were filed by such dealers who paid ₹ 335.86 crore as GST.Additionally, 56.30 lakh GSTR 3B returns were filed for the month of December 2017 till January 24, 2018.

 

source:http://www.thehindubusinessline.com/economy/gst-collections-up-at-rs-86703-cr-in-december/article10051025.ece

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