<p class="title">The Union government on Friday said a GST compensation totalling Rs 52,077 crore has been paid to states and UTs during the 11-month period through May 2018.</p>.<p class="bodytext">Under the Goods and Services Tax (GST), implemented on July 1, 2017, the Centre has to compensate states/UTs for loss of their revenue on account of implementation of the new indirect tax regime.</p>.<p class="bodytext">"... states/UTs have been paid GST compensation of Rs 48,178 crore for the period July 2017 to March 2018 and of Rs 3,899 crore for the period of April-May 2018," Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha.</p>.<p class="bodytext">Total taxes collected under GST works out to be Rs 11.3 lakh crore in the 13-month period ending July 2018.</p>.<p class="bodytext">The maximum GST collection was Rs 1.03 lakh crore in April. The collection dipped to Rs 94,016 crore in May and has been gradually increasing in the subsequent months.</p>.<p class="bodytext">In another reply, Shukla said the Centre is taking various steps to check evasion as well as educate the taxpayers about the new tax regime and encouraging voluntary compliance. </p>
<p class="title">The Union government on Friday said a GST compensation totalling Rs 52,077 crore has been paid to states and UTs during the 11-month period through May 2018.</p>.<p class="bodytext">Under the Goods and Services Tax (GST), implemented on July 1, 2017, the Centre has to compensate states/UTs for loss of their revenue on account of implementation of the new indirect tax regime.</p>.<p class="bodytext">"... states/UTs have been paid GST compensation of Rs 48,178 crore for the period July 2017 to March 2018 and of Rs 3,899 crore for the period of April-May 2018," Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha.</p>.<p class="bodytext">Total taxes collected under GST works out to be Rs 11.3 lakh crore in the 13-month period ending July 2018.</p>.<p class="bodytext">The maximum GST collection was Rs 1.03 lakh crore in April. The collection dipped to Rs 94,016 crore in May and has been gradually increasing in the subsequent months.</p>.<p class="bodytext">In another reply, Shukla said the Centre is taking various steps to check evasion as well as educate the taxpayers about the new tax regime and encouraging voluntary compliance. </p>