The Ministry of Finance has announced a substantial 15% year-on-year increase in Goods and Services Tax (GST) collections for December. This positive trend means that for the 11th consecutive month in the current fiscal year (FY 2022-23), monthly GST revenue has surpassed the £1.4 lakh crore mark. These figures were shared by the Union Minister of State for Finance, Shri Pankaj Chaudhary, in a response to a query in the Lok Sabha.
There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22). This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.
Also, the Minister stated, the monthly GST revenue is more than 1.4 lakh crore for 11 consecutive months in the FY 2022-23. The details of GST collection for FY 2022-23 are as under:
(in Rs. crore)
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FAQ :
GST collection saw a 15% increase in December (FY 2022-23) compared to December of the previous fiscal year (FY 2021-22).
The increase was stated by the Union Minister of State for Finance, Shri Pankaj Chaudhary.
Monthly GST revenue has exceeded £1.4 lakh crore for 11 consecutive months in FY 2022-23.
The 15% year-on-year increase in GST collection was for the month of December.
The figures were stated in a written reply to a question in the Lok Sabha.