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        Case ID :

        GST Revenue Targets

        April 6, 2018

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        The month-wise figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under:

        (Amount in Rs. Crores)

        Month

        Collection

        August, 2017

        93,590

        September, 2017

        93,029

        October, 2017

        95,132

        November, 2017

        85,931

        December, 2017

        83,716

        January, 2018

        88,929

        February, 2018

        88,047

        March, 2018

        89,264

        No targets for collection of GST have been fixed. In the absence of any past precedent, it shall be difficult to compare the GST revenue collection with the corresponding months of the previous years due to a number of factors like overlap of taxpayers pre and post introduction of GST, variation in exemption limits between Centre and States and among States and mechanism of apportionment of fund under IGST. 

              As per provisions in Section 7 of the GST (Compensation to States) Act, 2017, the loss of revenue arising on account of implementation of GST regime and compensation for loss of revenue to the States shall be provisionally calculated and released at the end of every two months for five years. The GST Compensation paid to the States on bimonthly basis for the period of July 2017 to February, 2018 is as below: -

        (Amount in Rs. Crores)

        Period

         

        Amount of GST compensation paid

        July - August, 2017

        10,806

        Sept. - October, 2017

        13,694

        Nov. – Dec., 2017

        3,898

        Jan. – Feb., 2018

        12,749

        This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

        GST compensation mechanism ensures provisional bimonthly payments to States to address transition revenue shortfalls under the compensation framework. Under the statutory compensation framework for transition to GST, provisional losses and compensatory payments to States are to be calculated and disbursed on a bimonthly basis for a five year period; the government disclosed bimonthly compensation disbursements for July 2017-February 2018, listing amounts paid for each two month period.
                          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.
                            Provisions expressly mentioned in the judgment/order text.

                                GST compensation mechanism ensures provisional bimonthly payments to States to address transition revenue shortfalls under the compensation framework.

                                Under the statutory compensation framework for transition to GST, provisional losses and compensatory payments to States are to be calculated and disbursed on a bimonthly basis for a five year period; the government disclosed bimonthly compensation disbursements for July 2017-February 2018, listing amounts paid for each two month period.





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                                Topics

                                ActsIncome Tax
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