treeviewIn December 2022, India’s Goods and Services Tax (GST) revenue increased by 15% to more than Rs 1.49 lakh crore.
“The gross GST income collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods),” the Finance Ministry stated in a release on Sunday (1 January).
According to the ministry, the government has deposited Rs 36,669 crore to CGST and Rs 31,094 crore to SGST as usual payment from IGST.
According to the report, the total income of the Centre and the States after regular settlements in December 2022 is Rs 63,380 crore for CGST and Rs 64,451 crore for SGST.
“The revenues for December 2022 are 15% higher than the GST collections for the same month last year,” the government stated.
Revenues from imports of products were 8% higher during the month, while revenues from domestic transactions (including imports of services) were 18% higher than during the same month’s previous year.
According to the ministry, 7.9 crore e-way bills were created in November 2022, substantially more than the 7.6 crore e-way bills generated in October 2022.