For Quick Alerts
For Daily Alerts

GST Collection Above Rs 1 Lakh Crore For The 2nd Straight Month In December

By Staff

For the month of December, the gross GST (goods and service tax) revenue collected by the government rose to Rs 1,03,184 crore, as per data released on Wednesday. While the revenue grew by 9 percent on a year-on-year basis, it remained flat when compared to the previous month of November.

GST Collection Above Rs 1 Lakh Crore For The 2nd Straight Month In December

It is, however, the second straight month that the GST collection has crossed Rs 1 lakh crore mark. In November 2019, the GST collections were at Rs 1,03,492 crore.

Of the total collection in December 2019, CGST comprised Rs 19,962 crore, SGST Rs 26,792 crore, IGST Rs 48,099 crore (including Rs 21,295 crore collected on imports) and cess is Rs 8,331 crore (including Rs 847 crore collected on imports).

The government said that GST revenue from domestic transactions in the month of the review was impressively 16 percent higher than December 2018.

In September and October 2019, the collection fell by 2.7 percent and 5.3 percent, respectively, from their corresponding previous months.

Read more about: gst
Story first published: Wednesday, January 1, 2020, 16:28 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more