Gross GST revenue for December 2021 amounted to £1,29,780 crore. This figure represents a significant 13% increase compared to the same month in the previous year and is also 26% higher than December 2019 collections. The growth is attributed to improved tax compliance, better administration, and anti-evasion measures, despite a reduction in e-way bills generated in November.
The gross GST revenue collected in the month of December 2021 isRs 1,29,780 croreof which CGST isRs 22,578 crore, SGST isRs 28,658 crore, IGST isRs 69,155 crore(including Rs 37,527 crore collected on import of goods) and cess isRs 9,389 crore(including Rs 614 crore collected on import of goods).
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member?
Login here
for an ad-free experience.
FAQ :
The gross GST revenue collected in December 2021 was £1,29,780 crore.
The GST revenues for December 2021 were 13% higher than in December 2020.
The collection comprised £22,578 crore CGST, £28,658 crore SGST, £69,155 crore IGST, and £9,389 crore cess.
The increase was driven by improved tax compliance, better tax administration, economic recovery, anti-evasion activities, and rate rationalisation measures.
Revenues from the import of goods were 36% higher, while revenues from domestic transactions (including import of services) were 5% higher than in the same month last year.