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Total collection under GST for the month of December 2017 has been Rs. 80,808 crores

in Business December 26, 2017 Comments Off on Total collection under GST for the month of December 2017 has been Rs. 80,808 crores 1,013 Views

Newdelhi:26/12/17;’Total Revenue Collection under GST:  The total collection under GST for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017.   99.01 lakh taxpayers have been registered under GST so far till 25th December, of which 16.60 lakh  are composition dealers which are required to file returns every quarter. 53.06 lakh returns have been filed for the month of November till 25th December.

Revenue of States:  Of the Rs. 80,808 crores collected under GST for the month of December, 2017 (upto 25th December), Rs. 13,089 crores have been collected as CGST, Rs. 18,650 crores has been collected as SGST,  Rs. 41,270 crores has been collected as IGST and Rs. 7,798 crores has been collected as Compensation cess. Further,  Rs. 10,348 crores is being transferred from IGST to CGST account and Rs. 14,488 crores is being transferred from IGST to SGST account by way of settlement of funds on account of cross utilization of IGST credit for payment of CGST and SGST respectively or due to inter State B2C transactions. Thus, a total amount of Rs. 24,836 crores is being transferred from IGST to CGST/SGST account by way of settlement. Thus, the total collection of CGST and SGST for the month of December, 2017 (upto 25th December) is Rs. 23,437 crores and Rs. 33,138 crores respectively, including transfers by way of settlement.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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