Lok Sabha Question No. 106 (STARRED), answered on 2018-02-09
Subject: Implementation of GST
Ministry: FINANCE
Asked by: M. B. RAJESH

*106. SHRI M.B. RAJESH:

Will the Minister of FINANCE be pleased to state:

- (a)  whether the implementation of the Goods and Services Tax (GST) has led to a decline in the revenues of both the Union and State Governments;
- (b)  if so, the details thereof and the changes taken place after GST;
- (c)  the measures taken by the Government to address any revenue loss;
- (d)  whether GST has led to an increase in the rate of inflation and if so, the details thereof; and
- (e)  the steps taken by the Government to ensure that the anti-profiteering mechanism is working effectively?

## ANSWER UNION FINANCE MINISTER

## (SHRI ARUN JAITLEY)

- (a) to (e): A statement is laid on the Table of the House

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## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA STARRED QUESTION NO. *106

TO BE ANSWERED ON FRIDAY, THE 9 TH  FEBRUARY, 2018, MAGHA 20, 1939 (SAKA)

## Implementation of GST

## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF LOK SABHA STARRED QUESTION NO. 106 FOR ANSWER ON 9 TH  FEBRUARY, 2018

(a) and (b) The month-wise details of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as follows:

## (Amount in Rs. Crores)

| Month           | Collection   |
|-----------------|--------------|
| August, 2017    | 93,590       |
| September, 2017 | 93,029       |
| October, 2017   | 95,132       |
| November, 2017  | 85,931       |
| December, 2017  | 83,716       |
| January, 2018   | 88,929       |

At the aggregate level, the States are getting their revenues including 14% growth rate over 2015-16 collections. However, there is a minor shortfall in Central Governments revenue.

(c)  The  Government  is  taking  various  steps  to  check  evasion  as  well  as  educate  the taxpayers about the new tax regime and encouraging voluntary compliance. The steps which are being taken include introduction of e-way bill, simplification of measures for filing tax returns, steps to capture invoice details of transactions so that the same could be matched with credit taken and verification of transition credit availed by tax payers.

(d)  No Madam.

(e)  The  National  Anti-Profiteering  Authority  and  Standing  Committee  as  well  as  State Level  Screening  Committees  on  anti-profiteering  have  been  set  up  to  examine  the complaints of profiteering. Affected consumers may file an application, in the prescribed format, before the Standing Committee  on  Anti-profiteering. 221  anti-profiteering applications  have  been  received  by  the  Standing  Committee  and  State  Screening Committees as on 31.01.2018. Notices of initiation of investigation have been issued in 9 cases involving 52 applications.

To protect the interests of consumers, the Government has directed manufacturers/ packers/ importers of pre-packaged commodities to declare the revised retail sale price (MRP) after implementation of GST by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock manufactured/ packed/ imported in addition to the existing retail sale price (MRP) up to 31 st  March, 2018. Use of un-exhausted packaging material/ wrapper has also been similarly allowed up to 31 st  March, 2018 after making necessary corrections.

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