GST revenues rise 15% in December 2022: Finance Ministry

Business


Image used for representative purpose only.
| Photo Credit: PTI

India’s Goods and Services Tax (GST) revenues rose to nearly ₹1.5 lakh crore in December 2022, 2.5% over November’s collections and 15% higher than December 2021.

Revenues from import of goods were 8% higher while revenues from domestic transaction (including import of services) were 18% higher than the revenues from these sources during December 2021.

This is the tenth month in a row that GST collections have crossed the ₹1.4 lakh crore mark,

The gross GST revenue collected during December 2022 is ₹1,49,507 crore, of which CGST is ₹26,711 crore, SGST is ₹33,357 crore, IGST is ₹78,434 crore (including ₹40,263 crore collected on import of goods) and Cess is ₹11,005 crore (including ₹850 crore collected on import of goods), the Finance Ministry said in a statement.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *