10% more GST was collected in December, totaling Rs 1.64 lakh crore

 10% more GST was collected in December, totaling Rs 1.64 lakh crore

 10% more GST was collected in December, totaling Rs 1.64 lakh crore

In comparison to the average of Rs 1.49 lakh crore reported in the same period of FY23, the average monthly gross GST assortment of Rs 1.66 lakh crore in the first nine months of this year marks a rise of 12%.

Goods and Services Tax (GST) receipts increased by 10% to around Rs 1.64 lakh crore in December from Rs 1.49 lakh crore in the same month the previous year, according to a statement released by the Finance Ministry on January 1.

According to a statement from the government, overall GST receipts increased significantly between April and December 2023, rising by 12% to Rs 14.97 lakh crore from Rs 13.40 lakh crore during the same time the previous year. were. In comparison to the average of Rs 1.49 lakh crore reported in the same period of FY23, the average monthly gross GST payment of Rs 1.66 lakh crore in the first nine months of the current year marks a rise of 12%.

In December 2023, a total of Rs 1,64,882 crore was collected as gross GST income. This amount comprises of Rs 30,443 crore for CGST, Rs 37,935 crore for SGST, and Rs 84,255 crore for IGST (which includes Rs 41,534 crore collected on goods import). The cess is Rs 12,249 crore, which includes Rs 1,079 crore on goods imports, according to the statement. Notably, collections of more than Rs 1.60 lakh crore have been made for seven months running this year.