Economy

India’s GST collection in December at Rs 1.49 lakh crore stands 15% higher than last year

India’s gross goods and services tax (GST) revenue in December stood at Rs 1,49,507 crore, of which Rs 26,711 crore comprised Central GST and Rs 33,357 crore made up for State GST. Integrated GST revenue stood at Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and cess amounted to Rs 11,005 crore.

An official statement said that the revenues for December were 15 per cent higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 8 per cent higher and the revenues from domestic transactions (including import of services) were 18 per cent higher than the revenues from these sources during the same month last year.

In November, India’s GST collection stood at Rs 1,45, 867 crore. GST collection for the entire financial year until now has been over Rs 1 lakh crore.

Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh are among the states to top the chart.

As GST is mainly the consumption tax, it gives a better picture of consumer confidence than a combination of taxes which have since been merged into this uniform tax structure.

Also read: India’s economy clocks 6.3% growth in July-September quarter

AddThis Website Tools
IN Bureau

Recent Posts

Musk’s Starlink will be given 3rd satcom services licence after Airtel and Jio: Scindia

Minister for Communications Jyotiraditya Scindia on Thursday said Elon Musk's Starlink will be the third…

1 hour ago

Gilgit-Baltistan turmoil deepens amid Land Law backlash

Gilgit-Baltistan is witnessing a deepening political and human rights crisis that observers warn may mirror…

1 hour ago

Trump suspends entry of new international students enrolled at Harvard, cites national security risks

By Reena Bhardwaj In a significant move invoking national security concerns, US President Donald J.…

7 hours ago

India showcases world’s largest DRR financing system at UN disaster platform in Geneva

Principal Secretary to the Prime Minister, PK Mishra, highlighted India's robust Disaster Risk Reduction (DRR)…

7 hours ago

India elected to UN’s Economic and Social Council for term 2026-28

External Affairs Minister S Jaishankar on Wednesday announced that India has been elected to the…

8 hours ago

Trump signs order to ban travel to US from 12 nations, partially restricts entry of nationals from 7 nations

US President Donald Trump has signed a proclamation to ban entry of individuals from 12…

8 hours ago