Higher inflows expected
Only 64.92 per cent of the eligible 59.57 lakh businesses have paid GST for the month of July and more are expected to pay. He, however, cautioned that the figures would see some adjustment as the compensation cess has to be removed from it.
“In sum total, we seem to be with more comfortable. But we will have to break up the figures and see if some State has not received the expected revenue. In that case, compensation will be given,” Jaitley said.
Quoting data up to 10 a.m. on Tuesday, Jaitley said the total revenue from Central GST is ₹14,894 crore and from State GST is ₹22,722 crore.