New Delhi: Dirty GST receipts remain on the sign of Crore Lakh Rs 1 for the sixth consecutive month in December at the back of the strengthening of economic recovery and the anti-avoidance measures launched by the government.
Revenue for December 13% higher than the same month last year and 26% higher than GST revenue in December 2019, according to data issued by the Ministry of Finance.
During that month, revenue from imported goods was 36% higher and revenue from domestic transactions (including import service) was 5% higher than income from these sources during the same month last year.
Gross GST’s income was collected in December amounting to RS 1,29,780 Crore which CGST was Rs 22,578 Crore, SGST was RS 28.658 Crore, IGST was Rs 69,155 Crore (including RS 37,527 Crore collected on imported goods) and Cess was Rs 9,389 Crore (including RS 614 Crore collected on imported goods).
“Coupled with economic recovery, anti-avoidance activities, especially actions against fake billers have contributed to the increase in GST.
Increased income is also caused by various levels of rationalization of levels carried out by the council to improve the reverse task structure.
It is expected that the positive trend in revenue will continue on The last quarter too, “according to the Ministry of Finance.
The GST collection this month almost reached Rs 1.30 lakh Crore despite a decrease of 17% in the number of e-way bills produced in November (6.1 crore) compared to October, 2021 (7.4 Crore) due to increased tax compliance and better.
Tax administration by Central and State Tax Authorities.
The average monthly GST gross collection for the third quarter of the current year is Rs 1.30 lakh Crore against the monthly collection of the average Rs 1.10 lakh crore and Rs 1.15 lakh crore in the first and second place each.
“The GST collection for December 2021 is certainly impressive in the absolute requirements and year-on-year growth, given the sequential decline in the GST e-way bill that has been seen during the November 2021 celebration,” Aditi Nargg said, “Aditi said,” Aditi said Nark, “Chief Economist at the ICRA Assessment Agency.
GST revenue December remains more than RS 1 lakh crore
