GST collection above ₹1 lakh crore for second month in a row

  • This is a 9% year-on-year jump in collections
  • Out of the December collections, CGST comprised 19,962 crore, SGST 26,792 crore, IGST 48,099 crore

Staff Writer
Updated1 Jan 2020, 04:40 PM IST
GST revenue collections came in at  <span class='webrupee'>₹</span>1.03 lakh crore in December
GST revenue collections came in at ₹1.03 lakh crore in December(Photo: Mint)

The gross GST revenue collected in the month of December, 2019 rose to 1,03,184 crore, the second month in a row when collections were above 1 lakk crore, government data showed. This is a 9% year-on-year jump in collections. As compared to the previous month of November, December collections remained flat. In November 2019, the GST collections were at 1,03,492 crore. In December 2018, the total GST collections were at 94,726 crore.

The GST revenues during the month of December, 2019 from domestic transactions showed a growth of 16% over the revenue during the month of December, 2018. However, including IGST collected from imports, the total revenue during December, 2019 increased by 9% in comparison to the revenue during December, 2018.

Out of the December 2019 collections, CGST comprised 19,962 crore, SGST 26,792 crore, IGST 48,099 crore (including 21,295 crore collected on imports) and cess is 8,331 crore (including 847 crore collected on imports).

Trends in GST collection in FY20 (source: pib.gov.in)

The total revenue earned by central government and the state governments after regular settlement in the month of December, 2019 is 41,776 crore for CGST and 42,158 crore for the SGST.

During this month, the IGST on import of goods has seen a negative growth of (-) 10%, but is an improvement over (-) 13% last month and (-) 20% in the month of October.

The total number of GSTR 3B Returns filed for the month of November up to 31st December, 2019 is 81.21 lakh.

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First Published:1 Jan 2020, 04:40 PM IST
HomeNewsIndiaGST collection above ₹1 lakh crore for second month in a row

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