NEW DELHI: India's maidenGST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying that taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base.
Finance Minister Arun Jaitley said Rs 92,283 crore has been collected for first filing under GST.
Jaitley claimed that the tax collection has exceeded the target of Rs 91,000 crore
38.38 lakh taxpayers have filed their taxes under GST
Of this, as much as Rs 14,894 crore has come in from the Central GST (CGST), Rs 22,722 crore from State GST (SGST), Rs 47,469 crore from Integrated GST (IGST) and Rs 7,198 crore from compensation cess levied on demerit and luxury goods.
With regard to registration, Jaitley said 72.33 lakh businesses have migrated to GST Network. Of this, totally migrated is 58.53 lakh and those who have not completed all the registration formality is 13.80 lakh.
NEW DELHI: India's maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying that taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base.
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