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GST Collection: Government collected more than Rs 1 lakh crore GST for the sixth consecutive month, 13% more collection last month

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GST Collection: Government collected more than Rs 1 lakh crore GST for the sixth consecutive month, 13% more collection last month

GST Collection: In the last month of last year, December 2021, the government received GST revenue of more than one lakh crore rupees.

GST Collection: In the last month of last year, December 2021, the government got GST revenue of more than one lakh crore rupees. This was the sixth consecutive month when the GST collection figure exceeded one lakh crore rupees. In December 2020, 13 percent more GST was achieved on an annual basis. However, the collection was less in December as compared to November. The Finance Ministry released the data related to this on Saturday (January 1). According to the data released by the ministry, the GST government collected Rs 1.29 lakh crore in December 2021. In November, the government collected GST revenue of Rs 1.31 lakh crore.

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26 per cent higher GST collection as compared to December 2019

Gross GST revenue of Rs 1,29,780 crore was collected in the last month (December 2021). This includes Central GST of Rs 22,578 crore, State GST of Rs 28,658 crore and IGST of Rs 69,155 crore (inclusive of Rs 37,527 crore through import of goods) and Cess of Rs 9389 crore (inclusive of Rs 614 crore through import of goods). Is. In December 2021, 13 percent more GST was collected than a year ago, while 26 percent more than December 2019.

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Due to this increased GST collection

According to the statement issued by the Finance Ministry, there has been an increase in GST collection due to the return of economic activities and prevention of fraudsters through fake bills etc. Apart from this, according to the ministry, various decisions taken by the council to correct the inverted duty structure helped in increasing the revenue. The ministry estimates that in the last quarter of the current financial year, January-March 2022, the trend of increasing revenue may continue.

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