GST Revenue collection for December 2020 recorded all time high since the implementation of GST



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Goods and Services Tax (GST) revenue collection reached an all-time high in December 2020, totalling Rs 1,15,174 crore. This figure represents a 12% increase compared to the same month in the previous year and marks the first time GST revenue has surpassed Rs 1.15 lakh crore. The growth is attributed to a combination of economic recovery post-pandemic, a crackdown on tax evasion, and improved compliance measures.

Rs. 1,15,174 crore gross GST revenue collected inDecember Revenues for December 2020 are 12% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of December 2020 isRs. 1,15,174 croreof which CGST isRs. 21,365 crore, SGST isRs. 27,804 crore, IGST isRs. 57,426 crore(including Rs. 27,050 crore collected on import of goods) and Cess is Rs. 8,579 crore (including Rs. 971 crore collected on import of goods). The total number of GSTR-3B Returns file
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FAQ :

The gross GST revenue collected in December 2020 was Rs 1,15,174 crore.

GST revenues for December 2020 were 12% higher than in December 2019.

It is the highest GST revenue collection recorded since the implementation of GST, and the first time it has exceeded Rs 1.15 lakh crore.

The record collection is due to the economic recovery post-pandemic, a nationwide drive against GST evaders and fake bills, and systemic changes that have improved compliance.

Revenues from the import of goods were 27% higher in December 2020 compared to the same month last year.

Revenues from domestic transactions, including the import of services, were 8% higher in December 2020 compared to the same month last year.




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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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