Govt Mops Up Rs 1,30,000 In GST Collection For December Month - Vibes Of India

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Govt Mops Up Rs 1,30,000 In GST Collection For December Month

| Updated: January 1, 2022 20:17

GST revenues for the Central Government in December 2021 are 13 percent higher than the revenues in the same month last year and 26 percent higher than in December 2019, the Finance Ministry said on Saturday.

Total of Rs. 1,29,780 crore of GST is collected by the Government in the month of December of which CGST is Rs. 22,578 crore, SGST is Rs. 28,658 crore, IGST Rs.69,155 crore (including Rs. 37,527 crore collected on import of goods) and cess is Rs. 9,389 crore (including Rs. 614 crore collected on import of goods).

One thing about the data which is striking is the massive increase in GST collection of places where tourist activities zoomed off after the relaxation of Covid curbs. They are as follows:

NoState/ UTGST Collection Increase (in %)

Top states where GST collection went up were Maharashtra (11%), Karnataka (12%), Punjab (16%) and Odisha where it went up 43 percent.

The states,where GST collection went down in December 2021 compared to the last year were Gujarat and Andhra Pradesh where it went down 2 percent and Tamil Nadu where it went down about 4 percent. Union territory of Daman and Diu saw the collection go down 60 percent on-year on year basis.

The GST collection was close to Rs 1,30,000 crore,  despite reduction of 17% in the number of e-way bills generated and as the new GST tax slabs will come into effect from January 1, GST collection will increase at the cost of consumers as finished goods like, apparel, footwear and textiles and some services like cab will become dearer with the increase.

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