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Revenue Collected Under GST in Oct at Rs 95k Crore: Sushil Modi

Bihar Deputy Chief Minister Sushil Modi, who heads the Group of Ministers (GoM) on GST Network, said the average revenue shortfall of all states for August was 28.4 percent and it has come down to 17.6 percent in October.

PTI

Updated:November 18, 2017, 10:03 PM IST
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Revenue Collected Under GST in Oct at Rs 95k Crore: Sushil Modi
File photo of Bihar Deputy Chief Minister Sushil Modi.
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Bengaluru: The revenue collected under the Goods and Services Tax (GST) in October was Rs 95,131 crore and average revenue shortfall of states has come down to 17.6 percent, Bihar Deputy Chief Minister Sushil Modi said on Saturday.

The government had collected Rs 93,141 crore revenue under the GST in September.

Modi, who heads the Group of Ministers (GoM) on GST Network, said the average revenue shortfall of all states for August was 28.4 percent and it has come down to 17.6 percent in October.

"This is a good indication. It shows the system is slowly stabilising," he told reporters here after a meeting of the GoM.

In rupee terms, the revenue shortfall of all states has come down from Rs 12,208 crore in August to Rs 7,560 crore in October, he said.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
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