https://www.taxtmi.com/news?id=18836 Monthly collection under the Goods and Services Tax for August is reported across Central GST, State GST, Integrated GST and compensation cess, with a revised higher figure for July after late filings and adjustments. Transitional input tax credit claims for the rollout month are presented as lower than earlier estimates. Reported collections exclude amounts from assessees on the composition scheme, and a specified number of GSTR-3B returns remained outstanding as of the reporting date; the revenue-sharing mechanism for compensating states is tied to a base-year and assumed growth benchmark. en-us Wed, 27 Sep 2017 10:14:26 +0530 Wed, 27 Sep 2017 10:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18836 Monthly collection under the Goods and Services Tax for August is reported across Central GST, State GST, Integrated GST and compensation cess, with a revised higher figure for July after late filings and adjustments. Transitional input tax credit claims for the rollout month are presented as lower than earlier estimates. Reported collections exclude amounts from assessees on the composition scheme, and a specified number of GSTR-3B returns remained outstanding as of the reporting date; the revenue-sharing mechanism for compensating states is tied to a base-year and assumed growth benchmark. News - Wed, 27 Sep 2017 10:14:26 +0530 https://www.taxtmi.com/news?id=18836