September GST collections touch Rs 92150 crore

September GST collections touch Rs 92150 crore

The government, under criticism from certain sectors and opposition, is also working on reviewing the applicable tax rates on goods & services.

"To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived". The waiver comes ahead of some major announcements expected to be made by Jaitley later in the day.

Arun Jaitley has announced waiving off the penalty for late submission of GST form 3B for the month of August and September 2017.

As per CGST Rules, shipping bill filed by an exporter is considered as application for refund of IGST on goods exported out of India and once EGM and valid GST return has been filed the disbursement process starts. The decision came on the back of demands from businessed to waive the penalty for delayed filing of GSTR-3B returns.

While only 33.98 lakh returns were filed for July till the due date, the number has now increased up to 55.87 lakh.

Rahul Gandhi may take charge as Congress chief on October 30
While Rahul Gandhi recently targetted the PM Modi and Amit Shah over the controversy of the Jay Shah company. About 3.83 million accounts follow Rahul's @OfficeOfRG handle.

He said that the late fee which has been already charged to businesses will be credited back to taxpayers' accounts. "We hope more people are able to file return within the due date", Pandey explained.

Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore. The monthly return for each month is supposed to be filed on 20th of the next month. On similar line, 28.46 lakh GST returns were filed for August before the deadline expired, but the figure went up to 51.37 lakh later. GST Network CEO Prakash Kumar stated on Monday that the portal will launch an online application for processing exporters' refunds for Integrated GST (IGST) paid by them for August and September.

According to Kumar, the GST Network (GSTN), which handles IT infrastructure for the tax regime, has started issuing refunds from October 10 to exporters for Integrated GST (IGST) they paid for the month of July, after matching GSTR-3B and GSTR-1.

GSTR-3B is a summary return of details of outward supplies, inward supplies, credit and payment of tax.

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