New Delhi, Jan 1 (PTI) The collections from Goods and Services Tax (GST) increased by 15 per cent to over Rs 1.49 lakh crore in December 2022, showing improved manufacturing output and consumption demand, besides far better compliance.
This is the 10th month in a row that the revenues have actually stayed above the Rs 1.4 lakh crore mark. The collection in November was about Rs 1.46 lakh crore. “The gross GST earnings gathered throughout December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore accumulated on import of products) and Cess is Rs 11,005 crore (including Rs 850 crore accumulated on import of goods),” the ministry claimed in a statement.
The incomes for December 2022 are 15 percent more than the GST collection in the very same month in 2015, which itself was close to Rs 1.30 lakh crore. Throughout the month, earnings from the import of products were 8 per cent higher, as well as the earnings from the domestic purchase (consisting of the import of services) are 18 percent more than the incomes from these resources throughout the exact same month last year.