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        GST Revenue Collections for month of January 2018 (received in January/February upto 25th February) stand at ₹ 86,318 crores;

        February 27, 2018

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        GST Revenue Collections for month of January 2018 (received in January/February upto 25th February) stand at ₹ 86,318 crores;

        1.03 crore taxpayers have been registered under GST so far till 25th February, 2018. So far 17.65 lakh dealers got registered as composition dealers.

        Total Revenue Collection under GST: The last date for filing of GSTR 3B return for the month of January 201​8​ was 20th February 2018. The total Revenue received under GST for the month of January 2018 ​(received in January/February up to 25th February,2018) has been ₹ 86,318 crores. 1.03 crore taxpayers have been registered under GST so far till 25th February, 2018. So far 17.65 lakh dealers got registered as Composition

        D​ealers. Out of these, 1.23 lakh Composition Dealers have opted-out of the Composition Scheme and have thus become regular taxpayers. Thus, till 25th February, 2018, there are 16.42 lakh Composition Dealers which are required to file returns every Quarter and the rest of 87.03 lakh taxpayers are required to file monthly returns.

        57.78 lakh GSTR 3B returns have been filed for the month of January, 2018 till 25th February, 2018. This is 69 percent of total taxpayers which are required to file monthly returns. State-wise details of taxpayers registered and returns filed in February 2018 for the month of January 2018 is at Annexure.

        Revenue of States: Of the ₹ 86,318 crores collected under GST for the month of February, 2018 (up to 25th February), ₹ 14,233 crores have been collected as CGST, ₹ 19,961 crores has been collected as SGST, ₹ 43,794 crore has been collected as IGST and ₹ 8,331 crores has been collected as Compensation Cess. Further, ₹ 11,327 crores is being transferred from IGST to CGST account and ₹ 13,479 crores is being transferred from IGST to SGST account by way of Settlement of Funds on account of cross utilization of IGST credit for payment of CGST and SGST respectively or due to inter State B2C transactions. Thus, a total amount of ₹ 24,806 crores is being transferred from IGST to CGST/SGST account by way of settlement. Thus, the total collection of CGST and SGST for the month of February, 2018 (up to 25th February) is ₹ 25,560 crores and ₹ 33,440 crores respectively, including transfers by way of settlement.

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        GST revenue collections for January 2018 reached Rs.86,318 crore; 1.03 crore taxpayers, 69% monthly returns filed. GST revenue collections for January 2018 total Rs. 86,318 crore (receipts up to 25 February). There are 1.03 crore registered taxpayers, including 17.65 lakh composition dealers (1.23 lakh opted out, leaving 16.42 lakh quarter-filers and 87.03 lakh monthly filers). For January, 57.78 lakh GSTR-3B returns were filed (69% of monthly filers). Collections comprised Rs. 14,233 crore CGST, Rs. 19,961 crore SGST, Rs. 43,794 crore IGST and Rs. 8,331 crore Compensation Cess; Rs. 24,806 crore was settled from IGST to CGST/SGST, yielding total CGST and SGST of Rs. 25,560 crore and Rs. 33,440 crore.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
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                                GST revenue collections for January 2018 reached Rs.86,318 crore; 1.03 crore taxpayers, 69% monthly returns filed.

                                GST revenue collections for January 2018 total Rs. 86,318 crore (receipts up to 25 February). There are 1.03 crore registered taxpayers, including 17.65 lakh composition dealers (1.23 lakh opted out, leaving 16.42 lakh quarter-filers and 87.03 lakh monthly filers). For January, 57.78 lakh GSTR-3B returns were filed (69% of monthly filers). Collections comprised Rs. 14,233 crore CGST, Rs. 19,961 crore SGST, Rs. 43,794 crore IGST and Rs. 8,331 crore Compensation Cess; Rs. 24,806 crore was settled from IGST to CGST/SGST, yielding total CGST and SGST of Rs. 25,560 crore and Rs. 33,440 crore.





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                                ActsIncome Tax
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