GST revenue collections rise to Rs 86,700 crore in December; one crore taxpayers registered

Ministry of Finance on Thursday announced the revenue collections under Goods and Services Tax (GST) that recorded an increase last month after falling in October and November.

The Ministry tweeted out that the total revenue collections under GST for the month of December 2017 amounted to Rs 86,703 crore, till 24th January, 2018.

“One crore taxpayers have been registered under GST so far till 24th January, 2018 of which 17.11 lakh are Composition Dealers which are required to file returns every quarter. 56.30 lakh GSTR 3B returns have been filed for the month of December, 2017 till 24th January, 2018,” the Ministry said in another tweet.

During the month of November and October, collections had dipped to Rs 80,808 crore and Rs 83,346 crore respectively. This was partially attributed to the sharp cuts in tax rates on nearly 200 items under GST in November.
 
Up until December, there were 99 lakh registered taxpayers under GST.

“For the Quarter October-December 2017, the last date for filing GSTR 4 Return was 18th January, 2018. A total of 9.25 lakh returns were filed by composition dealers for this quarter paying a sum of Rs 421.35 crore as GST,” the Ministry added.

Further it said, “For the composition dealers, for quarter July-September 2017, the last date of filing GSTR 4 Return was 24th December, 2017. A total of 8.10 lakh returns were filed by composition dealers paying a total of Rs 335.86 crores as GST.”