GST Collection in December 2021: The Central Government has earned a good amount in the month of December. In the last month of 2021, the GST collection has increased by about 13 percent as compared to the previous year. The Finance Ministry has given information about this by tweeting.
Slightly less collection than in November
The GST collection in the last month of the year 2021 has been Rs 1,29,780 crore. It is a little less than the month of November. The total GST collection in November was 1.31 lakh crore. Let us tell you that for the sixth consecutive month in December 2021, the government’s GST revenue has been more than one lakh crore rupees.
Collection is 26 percent more than in 2019
The Finance Ministry has written in a tweet that the revenue for the month of December 2021 is 13 percent more than the GST revenue in the same month last year and 26 percent more than the GST revenue in December 2019.
Finance Ministry issued statement
The Finance Ministry has said in the statement that the gross GST collection in December, 2021 has been Rs 1,29,780 crore. In this, the share of Central GST (CGST) is Rs 22,578 crore, the share of State GST (SGST) is Rs 28,658 crore and the share of Integrated GST (IGST) is Rs 69,155 crore.
IGST also includes Rs 37,527 crore raised on import of goods. Apart from this, a cess of Rs 9,389 crore (Rs 614 crore was collected on import of goods) is also included in this.
Rs 1.15 lakh crore in the second quarter
The average GST collection in the third quarter (October-December) of the current financial year has been Rs 1.30 lakh crore per month. At the same time, it was Rs 1.10 lakh crore in the first quarter and Rs 1.15 lakh crore in the second quarter.
will continue to grow
The ministry said, “With the revival of the economy, measures to check tax evasion, especially action against those who issue fake bills, have helped in increasing the GST revenue. Apart from this, the rate rationalization measures have also led to an increase in GST collections.