Goods and Services Tax (GST) revenues for December 2022 reached an impressive £1.49 lakh crore, marking a 15% rise compared to the same month last year. This achievement means that monthly GST collections have now surpassed £1.4 lakh crore for ten consecutive months. The revenue comprises CGST, SGST, IGST, and Cess, with significant contributions from both domestic transactions and imports.
Rs 1,49,507 crore GST Revenue collected for December 2022, records increase of 15% Year-on-Year
Monthly GST revenues more than Rs 1.4 lakh crore for 10 straight months in a row
The gross GST revenue collected during December 2022 isRs 1,49,507 crore, of which CGST isRs 26,711 crore, SGST isRs 33,357 crore, IGST isRs 78,434 crore(including Rs 40,263 crore collected on import of goods) and Cess isRs 11,005 crore(including Rs 850 crore collected on import of goods).
The Government has sett
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FAQ :
The total GST revenue collected in December 2022 was £1,49,507 crore.
GST revenues in December 2022 showed a 15% increase compared to December 2021.
Monthly GST revenues have exceeded £1.4 lakh crore for 10 consecutive months.
The revenue comprised CGST (£26,711 crore), SGST (£33,357 crore), IGST (£78,434 crore), and Cess (£11,005 crore).
Revenues from the import of goods were 8% higher, while revenues from domestic transactions were 18% higher compared to the same month last year.