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GST tax mop-up stabilises at Rs 92K Crore; CESS at Rs 8000 Crore

Published: Oct 24, 2017

By TIOL News Service

NEW DELHI, OCT 24, 2017: THE GST mop-up seems to have stabilised around the figure of Rs 92000 Crore - the Red Line stipulated by the Union of India. The total CGST revenue is Rs. 14,042 crore, SGST revenue is Rs. 21,172 crore, IGST revenue is Rs. 48,948 crore (of which IGST from imports in September 2017 is Rs. 23,951 crore) and Compensation Cess is Rs. 7,988/- crore (of which Rs. 722 crore is Compensation Cess from imports in September 2017). 

The total number of GSTR 3B returns filed for the month of September 2017 is 42.91 lakhs (as on 23.10.2017). 

The last date for payment of GST as well as filing of GSTR 3B return for the month of September 2017 was October 20, 2017. The Goods and Services Tax (GST) was introduced on July 1, 2017.       

Waiver of late fee on filing of GSTR-3B for August and September, 2017

In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017. The necessary software changes are being carried out in the IT system. 

Electronic cash ledger of the taxpayers who have already paid the late fee on filing of GSTR-3B either for the month of August or September, 2017 or those who pay such fee before the necessary changes are carried out in the IT system will be credited with the amount of late fee so paid be them.

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