July GST collections stands at Rs 92,000 crore: Arun Jaitley
Jaitley said: "GST revenue collection for month of July 2017 crosses the red line. Rs 92,283 crore collected till 10am 29.8.17."
He said out of total 72.33 lakh taxpayers, 58.53 lakh taxpayers have completely migrated to the GSTN and13.80 lakh taxpayers are yet to complete their procedural formalities to migrate to the GSTN.
Jaitley said: "The number of new taxpayers who have registered with the GSTN upto 29th August, 2017 (10 a.m.) is 18.83 lakhs."
Speaking further, Jaitley said: " If we exclude the taxpayers who have registered with the GSTN in August 2017 and the composition dealers, total number of tax payers who were required to file the returns for July 2017 is 59.57 lakhs, of which, as on 29th August, 2017 (10 a.m.), 38.38 lakh returns have been filed, which is 64.42% of the total number of returns, which are to be filed for the month of July 2017."
The Goods and Services Tax (GST) tax was introduced on July 1.
The last date for payment of GST for the month of July 2017 was Aug 25.
The last date for filing returns in cases, where the taxpayer wanted to avail transitional credit was Aug 28.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
