GST Revenue collection for December, 2019 increases by 16%

Last updated: 02 January 2020

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Goods and Services Tax (GST) revenue collection for December 2019 saw a substantial increase of 16% compared to the same month in the previous year, reaching a total of Rs. 1,03,184 crore. This growth was primarily driven by domestic transactions. While IGST on imports experienced a decline, overall GST revenue, including imports, grew by 9% year-on-year. A total of 81.21 lakh GSTR 3B returns were filed for November by the end of December.

The gross GST revenue collected in the month of December, 2019 isRs. 1,03,184 croreof which CGST isRs. 19,962crore, SGST isRs. 26,792crore, IGST isRs. 48,099crore(includingRs. 21,295crorecollected on imports) and Cess isRs. 8,331 crore(includingRs. 847crorecollected on imports).

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FAQ :

The total gross GST revenue collected in December 2019 was Rs. 1,03,184 crore.

GST revenues from domestic transactions in December 2019 showed an impressive growth of 16% over the revenue during December 2018.

The total number of GSTR 3B returns filed for November 2019, up to 31st December 2019, was 81.21 lakh.

The IGST on import of goods saw a negative growth of (-) 10% in December 2019, which was an improvement from the previous months.

Rs. 21,814 crore was settled to CGST and Rs. 15,366 crore to SGST from IGST as regular settlement.

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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GST Revenue collection for December, 2019 increases by 16%