Rs.1,29,780 Crore Gross GST Revenue Collection for December 2021

The gross GST revenue collected in the month of December 2021 is R1,29,780 crore of which CGST is R22,578 crore, SGST is R28,658 crore, IGST is R69,155 crore.

The revenues for the month of December 2021 are 13% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in December 2019.

The GST collection in the month is close to R1.30 lakh crore despite reduction of 17% in the number of e-way bills generated in the month of November, 2021 (6.1 crore) as compared to the month of October, 2021 (7.4 crore) due to improved tax compliance and better tax administration by both Central and State Tax authorities.

The average monthly gross GST collection for the third quarter of the current year has been R1.30 lakh crore against the average monthly collection of R1.10 lakh crore and R1.15 lakh crore in the first and second quarters respectively. Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure. It is expected that the positive trend in the revenues will continue in the last quarter as well.

The chart below shows trends in monthly gross GST revenues during the current year.

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