GST Revenue Targets

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..... GST Revenue Targets - Goods and Services Tax - GST Dated:- 6-4-2018 - News - The month-wise 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 ) Month Collection Au .....

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..... gust, 2017 93,590 September, 2017 93,029 October, 2017 95,132 November, 2017 85,931 December, 2017 83,716 January, 2018 88,929 February, 2018 88,047 .....

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..... March, 2018 89,264 No targets for collection of GST have been fixed. In the absence of any past precedent, it shall be difficult to compare the GST revenue collection with the corresponding months of the previous years due to a number of factors like overlap of taxpayers pre and post introduction of GST, variation in exemption limits between Centre an .....

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..... d States and among States and mechanism of apportionment of fund under IGST. As per provisions in Section 7 of the GST (Compensation to States) Act, 2017, the loss of revenue arising on account of implementation of GST regime and compensation for loss of revenue to the States shall be provisionally calculated and released at the end of every two months for five years. The GST Compensatio .....

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..... n paid to the States on bimonthly basis for the period of July 2017 to February, 2018 is as below: - (Amount in Rs. Crores) Period Amount of GST compensation paid July - August, 2017 10,806 Sept. - October, 2017 13,694 Nov. Dec., 2017 .....

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..... 3,898 Jan. Feb., 2018 12,749 This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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