GST collections soar 7.3% to Rs 1.77 lakh crore in December
Central GST collection stands at Rs 32,836 crore, State GST at Rs 40,499 crore, IGST at Rs 47,783 crore and Cess at Rs 11,471 crore
New Delhi: The country’s gross GST collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December.
The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, Integrated IGST at Rs 47,783 crore and Cess at Rs 11,471 crore, according to government data released on Wednesday.
The total gross Goods and Services Tax (GST) revenue grew 7.3 per cent to Rs 1.77 lakh crore in December as compared to Rs 1.65 lakh crore in the same month a year ago, it said.
During the month under review, GST from domestic transactions grew 8.4 per cent to Rs 1.32 lakh crore, while revenues from tax on imports rose about 4 per cent to Rs 44,268 crore. In November, GST mop-up was Rs 1.82 lakh crore with 8.5 per cent annual growth. The highest-ever collection was in April 2024 at over Rs 2.10 lakh crore. During the month, refunds worth Rs 22,490 crore were issued, registering a 31 per cent increase over the year-ago period. After adjusting refunds, net GST collection increased by 3.3 per cent to Rs 1.54 lakh crore.
