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GST collection at Rs 1.29 lakh crore in Dec, 2021

GST collection at Rs 1.29 lakh crore in Dec, 2021

GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 percent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from goods sold and services rendered stood at over Rs 1 lakh crore.

The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore, of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods),” the Finance Ministry said in a statement.

The revenues for December 2021 are 13 percent higher than the GST revenues in the same month last year (Rs 1.15 lakh crore) and 26 percent higher than December 2019.

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