GST revenue collections for February 2018 (received in February/March upto 26th March) stand at 85,174 crore; 14,945 crore collected as CGST, 20,456 crore collected as SGST; 42,456 crores collected as IGST and 7,317 crores collected as Compensation Cess

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..... GST revenue collections for February 2018 (received in February/March upto 26th March) stand at 85,174 crore; 14,945 crore collected as CGST, 20,456 crore collected as SGST; 42,456 crores collected as IGST and 7,317 crores collected as Compensation Cess
GST
Dated:- 27-3-2018

Total Revenue Collection under GST: The last date for filing of GSTR 3B return for the month of February 2018 .....

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..... was 20th March 2018. The total revenue received under GST for the month of February 2018(received in February/March upto 26th March) has been ₹ 85,174 crores. 1.05 crore taxpayers have been registered under GST so far till 25th March, 2018. Out of these, 18.17 lakh are composition dealers which are required to file returns every quarter and the rest of 86.37 lakh taxpayers are required to f .....

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..... ile monthly returns. 59.51 lakh GSTR 3B returns have been filed for the month of February, 2018 till 25th March, 2018. This is 69 percent of total taxpayers which are required to file monthly returns. Revenue of States: Of the ₹ 85,174 crores collected under GST for the month of March, 2018 (upto 26thMarch), ₹ 14,945 crores have been collected as CGST, ₹ 20,456 crores has been .....

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..... collected as SGST, ₹ 42,456 crores has been collected as IGST and ₹ 7,317 crores has been collected as Compensation cess. Further, ₹ 12,140 crores is being transferred from IGST to CGST account and ₹ 13,424 crores is being transferred from IGST to SGST account by way of settlement of funds on account of cross utilization of IGST credit for payment of CGST and SGST respectiv .....

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..... ely or due to inter State B2C transactions. Thus, a total amount of ₹ 25,564 crores is being transferred from IGST to CGST/SGST account by way of settlement. Thus, the total collection of CGST and SGST for the month of March, 2018 (upto 26th March) is ₹ 27,085 crores and ₹ 33,880 crores respectively, including transfers by way of settlement.
News - Press release - PIB .....

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