GST Collections Increases in January Compared to Previous Two Months

GST Revenue Collections - Tax scan

The GST collections have increased in the months of Jan. 2018 in comparison to previous two months. This was stated by Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

The month-wise consolidated 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)

MonthCollection
August 201793,590
September, 201793,029
October 201795,132
November 201785,931
December 201783,716
January 201888,929

The GST collections have increased in the months of Jan. 2018 in comparison to previous two months.

The summary of returns filed for the month of January 2018 is detailed below:

Taxpayers required to file Return (Other than

composition Taxpayers)

GSTR-3B filed till last day of filing% of returns filed till the last date of filingFiled till 18th March 2018% of filing as on 18th March 2018
83,52,20253,94,01864.58%62,96,04875.38%

The Government is taking various steps to check evasion as well as educate the taxpayers about the new tax regime and encouraging voluntary compliance. The steps which are being taken include the introduction of the e-way bill, simplification of measures for filing tax returns, steps to capture invoice details of transactions so that the same could be matched with credit taken and verification of transition credit availed by taxpayers.

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