December is the sixth steady month the place income assortment from items bought and companies rendered stood at over Rs 1 lakh crore, however the collections had been decrease than the Rs 1.31 lakh crore mopped up in November.
The gross income collected within the month of December is Rs 1,29,780 crore, of which Rs 22,578 crore is CGST and Rs 28,658 crore is SGST.
Moreover, IGST is Rs 69,155 crore (together with Rs 37,527 crore collected on import of products) and cess is Rs 9,389 crore (together with Rs 614 crore collected on import of products).
“Coupled with financial restoration, anti-evasion actions, particularly motion in opposition to pretend billers have been contributing to the improved GST. The development in income has additionally been resulting from varied fee rationalisation measures undertaken by the Council to right inverted responsibility construction,” the ministry stated.
The revenues in the identical month final 12 months had been at Rs 1.15 lakh crore and had been 26% larger than December 2019.
The typical month-to-month gross GST assortment for the third quarter (October-December) of the present 12 months has been Rs 1.30 lakh crore in opposition to the common month-to-month assortment of Rs 1.10 lakh crore and Rs 1.15 lakh crore within the first and second quarter, respectively.
The ministry hopes that the optimistic development within the revenues will proceed within the final quarter as effectively.