GST December Collections Stood At Rs 1.03 Lakh Crore, Odisha Collections Jump 2%
New Delhi: The gross Goods and Services Tax (GST) revenue collected in the month of December 2019 is Rs 1,03,184crore of which CGST is Rs 19,962 crore, SGST is Rs 26,792 crore, IGST is Rs 48,099 crore (including Rs 21,295 crore collected on imports) and Cess is Rs 8,331 crore (including Rs 847 crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to December 31, 2019 is 81.21 lakh.
With a collection of Rs 2383 crore in December 2019 in comparison to Rs 2347 crore in December 2018, the collections in Odisha has jumped by 2 per cent. Arunachal Pradesh has registered maximum growth of 124 per cent.
The GST revenues during the month of December 2019 from domestic transactions has shown an impressive growth of 16% over the revenue during the month of December 2018. If we consider IGST collected from imports, the total revenue during December 2019 has increased by 9% in comparison to the revenue during December 2018. During this month, the IGST on import of goods has seen a negative growth of (-) 10% but is an improvement over (-) 13% last month and (-) 20% in the month of October.
The government has settled Rs 21,814crore to CGST and Rs 15,366 crore to SGST from IGST as regular settlement. The total revenue earned by the Central Government and the State Governments after regular settlement in the month of December 2019 is Rs 41,776 crore for CGST and Rs 42,158 crore for the SGST.
Following is the chart showing trends in revenue during the current year and State-wise Gross Domestic GST Collection for the month of December 2019:
State-wise Gross Domestic GST Collection for the month of December 2019 pic.twitter.com/fehfML7VrT
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