Rs 92150 crore GST collected in September: Finance Ministry

Rs 92150 crore GST collected in September: Finance Ministry

A mismatch in the figures quoted by exporters in the Export General Manifest (EGM) and the corresponding invoice in the GSTR-1 has affected the disbursement of refunds to exporters under the GST that started on 10 October.

The CEBC had instructed the customs authorities that filing of correct EGM is a must for treating shipping bill or bill of export as a refund claim, even as the government started the process of refund for July from 10 October.

On October 20, Ajay Bhushan Pandey who is Chairman of GST Network had said by noon that day as many as 33 lakh GST returns for September were filed.

It is possibly to bridge this gap that Union Finance Minister Arun Jaitley announced the waiving of late fees for filing of GST returns.

"To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been waived".

Those who have paid the late fee will also be credited back their payments. As of now, a Group of Ministers led by Assam Finance Minister Himanta Biswa Sarma is looking into the glitches in GSTN portal or order from the GST Council. September 20 was the last date to file the GSTR-3B. Only 55 per cent of businesses had filed returns till September 25, for the month of August.

Till October 22, only 39 lakh assesses filed returns. The overall GST collections for September were received from around 43 lakh entities. The table will be then extracted separately and after exporters digitally sign it, it would automatically go to the customs department. The refund amount would be either credited to exporter's bank account through ECS or a cheque would be issued in his or her name.

Earlier, The Ministry of Finance notified that there will be no further extension of the last date for filing GSTR-1 for the month of July 2017, urging the last-minute taxpayers to file their returns immediately.



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