GST collections remain stable at Rs 86,000 Cr for Dec and Jan
Written by : SMTV24x7 | Tue, Feb 27, 2018, 07:03 PM
New Delhi Feb 27: The Ministry of Finance has revealed the data of GST Collections for the months of January and December. The Ministry of finance has said that "the total revenue collection under GST for the month of January, till February 25, stood at Rs 86,318 crore. Rs 86,703 crore was collected in December 2017."
The Ministry has added that "1.03 crore taxpayers have been registered under GST so far till 25th Feb 2018. So far,17.65 lakh dealers got registered as Composition Dealers".
"Out of 17.65 lakh dealers, 1.23 lakh Composition Dealers have opted-out of Composition Scheme and have thus become regular taxpayers. "Till 25th Feb 2018 there are 16.42 lakh Composition Dealers which are reqd to file returns every Quarter & 87.03 lakh taxpayers to file monthly returns" ministry has added.
"Of the Rs. 86,318 crores collected under GST for January, Rs.14,233 crores have been collected as CGST, Rs.19,961 crores have been collected as SGST, Rs.43,794 crores collected as IGST & Rs. 8,331 crores collected as Compensation Cess."Ministry has added.
Experts said that the GST collections have stabilized in past few months