Customs, IGST collection nearly doubles to Rs 30,000 crore in July

July collections compare to indirect tax collection of over Rs 16,000 cr of the same month of 2016

Press Trust of India  |  New Delhi 

Customs, IGST collection nearly doubles to Rs 30,000 crore in July

The collections from duty and from imports post implementation of Goods and Services Tax (GST) has almost doubled to Rs 30,000 crore in July, a senior government official said.

The revenue collected include those on account of duty, Integrated-GST (IGST) from imports, Countervailing Duty (CVD), special addition duty (SAD) and cess on imported items.


The July collections compare to indirect tax of over Rs 16,000 crore of the same month of 2016.

GST, which subsumed more than a dozen central and state levies like excise duty, service tax and VAT, was implemented from July 1.

However, the tax revenues which will come on account of Central GST (CGST) and State GST (SGST) will be known only after domestic manufacturers, dealers and traders file their tax returns.

Over 71.30 lakh excise, service tax and VAT payers have migrated to the portal with 13 lakh fresh registrations.

The first tax returns under the new GST regime can be filed from tomorrow and the facility will remain open till August 20 in GSTR 3B form.

The final GST returns for July will have to be filed by the businesses by September 5.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)