Ministry of Finance states 15% increase in GST Collection YoY



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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.




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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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