GST collections stand at Rs 92,150 Cr from 42.91 lakh business in September

The Ministry of Finance on Tuesday released data on Goods and Services Tax collection for the month of September 2017. The government has collected Rs 92,150 Cr from 42.91 lakh business up to October 23, 2017.

"The total CGST revenue is Rs. 14,042 crore, SGST revenue is Rs 21,172 crore, IGST revenue Rs 48,948 crore," said Ministry of Finance.

"IGST revenue is Rs 48,948 crore which consists of Rs 23,951 crore of IGST from imports in September 2017," said Ministry of Finance.

Collection under compensation cess stood at Rs 7,988 crore, of which Rs 722 crore is Compensation Cess from imports in September.

Till Monday, 42.91 lakh business entities had filed initial GSTR-3B returns for September.

As per the data available, GST collections for the maiden month of July were over Rs 95,000 crore, while for August the figure was over Rs 91,000 crore.

September was the third month of GST roll out.

GST which amalgamates over a dozen taxes, including excise duty and service Tax, was rolled out from July 1.

With PTI inputs