Govt. records Rs. 83,346 Cr GST collections for October; Dip attributable to 'transition credit' , 'average compliance'

Nov 28,2017

Govt. records Rs. 83,346 Cr revenue collection under GST for the month of October 2017, received up to November 27; While States collect a total of Rs. 87,238 Cr by way of SGST in the months of August, September, October, and November, Centre’s revenue (total CGST) touches Rs. 58,556 Cr during said months; Govt. explains that major reason for gap in income of CGST and SGST is use of transition credit rather than cash by taxpayers for discharging CGST liability; According to...

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