1. Maharashtra records highest GST collection
As per an article published in The Times of India, Maharashtra has recorded the highest GST collection in the country. In July 2017, the state recorded a GST collection worth around Rs. 134 billion . In addition, the state has also collected cess worth Rs. 8.4 billion, which will be used to fund the loss in revenue incurred due to the introduction of GST. Karnataka stands second in terms of total GST collected at Rs. 69 billion.
2. Over Rs 92,000 Crore Collected As GST For July
The government has collected Rs 92,283 crore as Goods and Services Tax (GST) for July month.
During a press conference in New Delhi on Tuesday, Finance Minister Arun Jaitley said the collections have been higher than the projected target of Rs 91,000 crore.
64.42 percent of taxpayers had filed returns as of Tuesday morning, Jaitley said.
The last date for payment of GST for the month of July was August 25.
The last date for filing returns in cases, where the taxpayer wanted to avail transitional credit was August 28.
An official note by Ministry of Finance said the total CGST revenue is Rs 14,894 crore, SGST revenue is Rs 22,722 crore, IGST revenue is Rs 47,469 crore (of which IGST from imports is Rs 20,964 crore) and cess is Rs 7,198 crore (of which Rs 599 crore is compensation cess from imports).
Out of total 72.33 lakh taxpayers, 58.53 lakh taxpayers have completely migrated to the GSTN and 13.80 lakh taxpayers are yet to complete their procedural formalities to migrate to the GSTN, the note said.
The number of new taxpayers who have registered with the GSTN upto August 29, (10am) is 18.83 lakhs, it said.
Source: PIB, Media reports