Saturday, June 6, 2020
News

Rs. 80,808 crores collected under GST in Dec

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi [India] | December 26, 2017 12:01:13 AM IST
The total collection under the Goods and Services Tax (GST) for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017, a notification from the Ministry of Finance said.

From the total amount collected in December, Rs. 13,089 crores has been collected as Central Goods and Services Tax (CGST), Rs. 18,650 crores has been collected as State Goods and Services Tax (SGST), Rs. 41,270 crores has been collected as Integrated Goods and Services Tax (IGST) and Rs. 7,798 crores has been collected as compensation cess.

The notification further stated that Rs. 10,348 crores is being transferred from IGST to CGST account.

Moreover, Rs. 14,488 crores is being transferred from IGST to SGST account by way of settlement of funds due to cross utilization of IGST credit for payment of CGST and SGST respectively.

Therefore, a total amount of Rs. 24,836 crores is being transferred from IGST to CGST/SGST account by way of settlement.

The total collection of CGST and SGST for December, 2017 (upto 25th December) is Rs. 23,437 crores and Rs. 33,138 crores respectively, including transfers by way of settlement.(ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
L&T logs 6.5% fall in Q4 net profit at R...
SBI logs 4-fold jump in Q4 net profit at...
ECGC to clear all pending claims of expo...
India's forex reserves rise by over $3.4...
Indian stock market rises, led by bankin...
ITC strengthens its initiatives in water...
More...
 
INDIA WORLD ASIA
Centre to SC: No CBI probe into Markaz g...
After 'Amphan', another low-pressure sys...
Migrant crisis: Guj tells SC 20 lakh hav...
J&K govt orders all employees to attend ...
Yogi orders action against policeman who...
Rs 11 crore worth illegal areca nut siez...
More...    
 
 Top Stories
Bizarre! Mobile charger cord remove... 
Facebook purges 2 vast fake network... 
President promulgates 2 ordinances ... 
Cong mocks govt health sector as '2... 
SBI logs 4-fold jump in Q4 net prof... 
182 more test positive, J&K Covid-1... 
L&T logs 6.5% fall in Q4 net profit... 
China slams Facebook for labeling s...