• search

GST collections reverse trend; rise to Rs 86,703 crore in Dec

By PTI
Subscribe to Oneindia News
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Halting two months of decline, the GST collections gathered momentum in December, rising to Rs 86,703 crore.

    Image for representation only

    "Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs 86,703 crores till January 24 2018," the Finance Ministry said in a tweet.

    Total collections under the Goods and Services Tax (GST) in November had slipped for the second straight month to Rs 80,808 crore, from over Rs 83,000 crore in October. In September, it was over Rs 92,150 crore.

    The ministry further said that one crore taxpayers have been registered under GST till January 24, of which 17.11 lakh are composition dealers who are required to file returns every quarter.

    As many as 56.30 lakh GSTR 3B returns have been filed for December, it said.

    For the composition dealers, for the July-September quarter, the last date of filing GSTR 4 Return was December 24, it said. A total of 8.10 lakh returns were filed by them amounting to Rs 335.86 crore.

    For the October-December quarter, the last date for filing GSTR 4 return was January 18, and a total of 9.25 lakh returns were filed by composition dealers paying a sum of Rs 421.35 crore, it added.

    PTI

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more