Page 8 - Gst Collections

For GST collections to keep growing

The government has cautioned that the March revenue figures cannot be taken as a trend for the future

April GST collections cross Rs 1 trillion, Jaitely terms it 'landmark'

The government mopped up Rs 1.03 lakh crore in GST collection in April, indicating stabilisation of the new indirect tax regime which was rolled out on July 1 last year

Rs 20,000 cr surplus in GST compensation cess fund as of end-Mar

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods

Rs 7.18 trn: July-Feb GST collections short of Rs 100 bn of original target

The mop-up was subdued in October, November and January, and that has led to some shortfall

Successful roll-out: Centre's GST collections have improved in Feb

The Centre's revenues seem to be particularly protected, given the consistently high levels of "unallocated" integrated GST being recorded

GST collection dips for the second month in a row to Rs 851.7 bn in Feb

In the GST collection, Rs 142.3 billion was on account of the SGST, Rs 437.9 billion came under the IGST, and Rs 83.3 billion was compensation cess

GST collection falls to Rs 851.74 bn in February; only 69% file returns

The collection had marginally slipped in January to Rs 863.18 billion from Rs 867.03 billion in December

Letter to BS on FM says GST stablised in short time, hints at further rejig

Due to constant rejigging in GST, the revenue collections have witnessed significant ups and downs since last September

Collection issues with GST regime

To be fair, collection of a mere Rs 3070 million from about 1.7 million composition dealers in the July-September quarter is a surprise

GST collection lowest for October at Rs 83,346 crore

Collection under the goods and services tax (GST) slowed to Rs 83,346 crore in October, as Integrated GST was utilised for credits and rates were revised downward.It was the lowest monthly collection since GST rollout on July 1. The receipts, shared between Centre and states, were down despite October being the festival season, also due to the fact that 48 per cent did not file returns. The subdued collection could further affect the already worsening fiscal position of Centre and states.The October collection was down 9.5 per cent from Rs 92,150 crore for September; the target for a month is Rs 91,000 crore. The target was derived on the basis of the year's Budget Estimates of the Union government and 14 per cent growth over the receipts of 2016-17 for the states.Collections for November could be even lower, as the rates of over 200 items were lowered, against 27 in October.The finance ministry attributed the slowing to utilisation of IGST for credit, rate cuts and self-declared tax .

GST mop-up worries may be premature, but they are negative for markets: UBS

UBS noted that about Rs 65,000 crore of tax refunds claimed by exporters post-GST are reportedly pending,

GST collections slow down in August to Rs 90,669 crore

About 45% of taxpayers yet to file returns