GST collection tops `94,000 cr for July from 44 lakh biz

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 As many as six lakh more businesses have filed returns and paid taxes in last one week, taking maiden revenue collections from GST to about Rs 94,700 crore. Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs  92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.

   A top official said since then the number of returns filed has gone up to 44 lakh and over Rs 2,500 crore more has come in as taxes.The collections so far are from 74 per cent of the total taxpayer base and more people are likely to come in when the final returns are filed in GSTR 1, 2 and 3.        

Daily Pioneer
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