Exceeding the maiden GST collection target for July, the Government mopped up Rs 92,283 crore, Finance Minister Arun Jaitley said on Tuesday. little more than 64 per cent eligible taxpayers have complied so far, taking the total number of migrated taxpayers to 72.33 lakh, he said.
“We have exceeded the target,” Jaitley said, adding that even if the compensation cess is kept away, the target will be surpassed when all tax payers file returns.
“Out of these, those who have filled the forms are 58.53 lakh. The rest are yet to fulfil the formalities and the number is likely to go up after all taxes are accounted for,” he said.
The Finance Minister said, “Rs 14,894 crore have come in as Central GST, Rs 22,722 crore as State GST and Rs 47,469 crore as Integrated GST. Out of the IGST collection, Rs 20,964 crore have been on account of imports and Rs 7,198 crore have come in from cess imposed on demerit goods.”
The last date for the first filing under GST was August 25. A nominal Rs 100 per day penalty is levied for late filing of GST.