Govt collects Rs.92,150 cr as GST in Sept, waive off late fee for Aug, Sept

Govt collects Rs.92,150 cr as GST in Sept, waive off late fee for Aug, Sept

The Government has also decided to waive off late fee on filing returns for August and September.

The Dollar Business Bureau

The Government has collected an overall revenue of Rs.92,150 crore from Goods and Services Tax (GST) for the month of September from around 42.91 lakh taxpayers.

“The total revenue of GST paid under different heads (up to October 23, 2017) for the month of September 2017 is Rs.92,150 crore,” said a statement from the Finance Ministry.

“The total number of GSTR 3B returns filed for the month of September 2017 is 42.91 lakhs till October 23, 2017,” it added. 

Of the overall collections, Rs.14,042 crore was from Central GST (CGST), whereas Rs.21,172 crore was collected on account of State GST (SGST).

The revenue from Integrated GST (IGST) stood at Rs.48,948 crore, which include Rs.23,951 crore collected on account of imports.

Revenue from compensation cess was Rs.7,988 crore, including Rs.722 crore from imports in the month of September.

According to the data, Rs.95,000 crore was collected from GST in the maiden month of July, whereas the figure was Rs.91,000 crore in the month of August.

September was the third month after the implementation of GST on July 1.

The Government has also decided to waive off late fee on filing returns for the months of August and September.

“In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017,” the statement said.

The required changes in the software are being carried out in the portal, it added. 

The taxpayers who have already done the payment of late fee, while filing GSTR-3B, for the given months or those taxpayers who pay the late fee before the required changes took place in the IT system, the amount of late fee paid by them will be credited in their accounts.

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The Dollar Business Bureau - Oct 25, 2017 12:00 IST
 
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