Gross GST collection in December goes up by 15%

Gross GST collection in December goes up by 15%: Continuing with the trend of robust GST collection in the country, the gross GST revenue collected during December 2022 reached ₹1,49,507 crore, going up by 15% compared to December 2021. Gross GST collected in November 2022 was ₹145867 crore, which means collection increased by ₹3640 crore or around 2.5% in the month compared to the previous month. Out of which, CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore and Cess is Rs 11,005 crore.

The revenues for December 2022 are 15% higher than the GST revenues in December 2021. The Union Government has settled ₹36,669 crore to CGST and ₹31,094 crore to SGST from IGST as regular settlement. The total revenue of the Centre and the States after regular settlements in the month of December 2022 is ₹63,380 crore for CGST and ₹64,451 crore for SGST.