GST collections pick up after falling for two straight months

This is higher than Rs 80,808 crore collected in November and Rs 83,347 crore in October

Revenue collections from Goods and Services Tax (GST) marginally increased to Rs 86,703 crore during December, recovering from last month's lows. The revenue collected under GST during October for September was Rs 95,131 crore, while the corresponding figure for August was of Rs 93,141 crore. The total collection for the month of December - received till January 24 - is Rs 86,706 crore.

According to Finance ministry sources, one crore taxpayers have been registered under GST so far till 24th January, 2018 of which 17. ". 8.1 lakh returns were filed by composition dealers paying a total of ₹335.86 crores as GST", the Ministry said. Download The for your English and other languages. "9.25 lakh returns were filed by composition dealers for this quarter paying". In that meeting, the GST Council made a decision to slash tax slabs of 178 items from 28 per cent to 18 per cent while also reducing tax on several items in other slabs from mid-November ahead of the Gujarat elections.

For the October-December quarter, the last date for filing returns was January 18.

The council had also chose to roll out anti-tax evasion measures that would include matching GST returns and bringing e-way bills which will certify that goods being transported have paid the GST.

However, he added, next month may show a slight dip in collection due to slashing of tax rate from 28% to 18% on 178 items.

The GST collection numbers for the month of November, received till December 25, was Rs 80,808 crore. Also, more details and information will be required in return of composition dealers from 4th quarter will lead to more compliance and check tax evasion, Raheja said.



Latest news

Zoetis Inc (ZTS) Shares Bought by Westpac Banking Corp
Eam Investors Llc, which manages about $932.15M and $752.37 million US Long portfolio, upped its stake in Cavco Industries Inc. Large investors have recently bought and sold shares of the business. 69 funds opened positions while 281 raised stakes.

Harry Potter cruises to set sail this Summer
Each cabin has its own ensuite bathroom, and both the cabins and bathrooms have heated floors to keep things cozy. There's a Harry Potter river cruise coming to London this summer and, to be honest, it sounds absolutely magical.

Rio Tinto (RIO) Given a GBX 4900 Price Target at Macquarie
Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Systems has 0.01% invested in Kirby Corporation (NYSE:KEX). Indiana-based University Of Notre Dame Du Lac has invested 1.99% in The Medicines Company (NASDAQ:MDCO). (NYSE:NOW).

Analysts See $0.13 EPS for New York Mortgage Trust, Inc. (NYMT)
Retail Bank Of New York Mellon has 0% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 479,214 shares. (NASDAQ:NYMT). Woodmont Counsel Ltd Liability Corporation has invested 0.18% in Facebook, Inc. (NASDAQ:NYMT) to report earnings on February, 20.

Larry Nassar In Letter: 'Hell Hath No Fury Like A Woman Scorned'
After the sentencing, MSU, USAG and USOC released statements condemning Nassar's actions and pledging internal investigations. She scolded Nassar for writing a letter saying it was too distressing to hear days of testimony against him.

Other news