It has been the first month since the roll out of GST and Maharashtra has topped in GST collections, mopping up more than Rs. 13,400 crore in July. The CGST and SGST collected were Rs. 3,467 crore and Rs. 4,809 respectively. The state has also collected cess of Rs. 846 crore, which will be used to plug the shortfall on account of shifting to the new taxation regime. Reportedly said, in the first month of GST implementation, the government has collected Rs. 92,283 crore as overall GST which includes all three types of levies. Maharashtra’s share in IGST stands at Rs. 4,341 crore.  Maharashtra will get its share of IGST for imports from other states as well as overseas, which will be further added to the total collection of Rs. 13,400 crore.

With the highest IGST, it signifies that the state leads in manufacturing activity. The quantum of exports indicates the volume of exports takes place from Maharashtra to other states.

Maharashtra also tops in GST returns filed, in absolute numbers. Out of 8.64 lakh assessees who were supposed to file returns, over 6 lakh have done so in Maharashtra. This comes to nearly 70% of the total assessees.

Sources –The Times Of India

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