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NEW DELHI: Items and Companies Tax income collected in December 2021 was over Rs 1.29 lakh crore, 13% increased than the identical month final 12 months, the finance ministry mentioned on Saturday. Although the gathering was decrease than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when income from items offered and providers rendered stood at over Rs 1 lakh crore.
The gross GST income collected within the month of December 2021 is Rs 1,29,780 crore, of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, 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),” the finance ministry mentioned in a press release.
The revenues for December 2021 are 13% increased than the GST revenues in the identical month final 12 months (Rs 1.15 lakh crore) and 26% increased 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 typical month-to-month assortment of Rs 1.10 lakh crore and Rs 1.15 lakh crore within the first and second quarter, respectively.
“Coupled with financial restoration, anti-evasion actions, particularly motion in opposition to pretend billers have been contributing to the improved GST. The advance in income has additionally been as a consequence of varied fee rationalisation measures undertaken by the Council to appropriate inverted responsibility construction,” the ministry mentioned.
It hoped that the optimistic development within the revenues will proceed within the final quarter as properly.
The gross GST income collected within the month of December 2021 is Rs 1,29,780 crore, of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, 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),” the finance ministry mentioned in a press release.
The revenues for December 2021 are 13% increased than the GST revenues in the identical month final 12 months (Rs 1.15 lakh crore) and 26% increased 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 typical month-to-month assortment of Rs 1.10 lakh crore and Rs 1.15 lakh crore within the first and second quarter, respectively.
“Coupled with financial restoration, anti-evasion actions, particularly motion in opposition to pretend billers have been contributing to the improved GST. The advance in income has additionally been as a consequence of varied fee rationalisation measures undertaken by the Council to appropriate inverted responsibility construction,” the ministry mentioned.
It hoped that the optimistic development within the revenues will proceed within the final quarter as properly.
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