New Delhi, Feb 27: The total Revenue received under GST for the month of January 2018 (received in January/February up to 25th February 2018) has been Rs. 86,318 crores. 1.03 crore taxpayers have been registered under GST so far till 25th February 2018. So far 17.65 lakh dealers got registered as Composition.
Dealers: Out of these, 1.23 lakh Composition Dealers have opted-out of the Composition Scheme and have thus become regular taxpayers. Thus, until 25th February 2018, there are 16.42 lakh Composition Dealers which are required to file returns every Quarter and the rest of 87.03 lakh taxpayers are required to file monthly returns.
57.78 lakh GSTR 3B returns have been filed for the month of January 2018 until 25th February 2018. This is 69 percent of total taxpayers which are required to file monthly returns. State-wise details of taxpayers registered and return filed in February 2018 for the month of January 2018 is at Annexure.
Revenue of States: Of the Rs. 86,318 crores collected under GST for the month of February 2018 (up to 25th February), Rs. 14,233 crores have been collected as CGST, Rs.19,961 crores have been collected as SGST, Rs. 43,794 crore has been collected as IGST and Rs. 8,331 crores have been collected as Compensation Cess. Further, Rs. 11,327 crores are being transferred from IGST to CGST account and Rs. 13,479 crores are 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. 24,806 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 February 2018 (up to 25th February) is Rs. 25,560 crores and Rs. 33,440 crores respectively, including transfers by way of settlement.