The revenue collected under the Goods and Services Tax (GST) in October was Rs 95,131 crore and an average revenue shortfall of states has come down to 17.6 percent, Bihar Deputy Chief Minister Sushil Modi said today.

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.

Source: Zee Business

We have launched Single Platform on GST Compliances In India, assisting in 4 areas – 1) Migration, 2) GST Compliance, 3) Training and 4) Transition & Implementation. Click this link for any assistance.