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Govt has received Rs 92,283 crore GST revenue in July: Jaitley

By Vikas
|

Asserting that people are rapidly migrating to the GST system, Union Finance Minister Arun Jaitley on Tuesday said a total of 72.33 lakh tax payers have migrated so far.

Speaking to the media, Jaitley also said 64.42 percent the eligible tax payers have filed their returns.

Union Finance Minister Arun Jaitley

"A total number of registrants who should have filed their income tax return till 25 August is 59.57 Lakh...38.38 Lakh of the 59.57 Lakh, filed their return till 10 am today. So till today morning, 64.42 % of people eligible for July have complied," he said.

Speaking on migration to the GST system since the new tax reform was introduced, he said, "IGST will now be allocated between centre and states as far registrations are concerned, total 72.33 lakh tax payers who have migrated."

"Rs 92,283 crore revenue has been received as GST for July," he added.

The government earlier this month extended the deadline for payment of the goods and services tax GST and filing of GST return-3B for July by five days to August 25.

According to an official release by the ministry of finance, the decision to extend the deadline came was due to the GST Network facing technical glitches during the day, with several taxpayers complaining about issues ranging from inability to login on the portal to being unable to make the payment through the online banking channel, even after generation of the GST challan.

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