Center earns crores:1.29 lakh crore revenue from GST in December; Tax revenue in the country rises 13%, expected to rise in the next quarter

Across the country, in December 2021, the revenue from GST has increased by a whopping 13%, but in Gujarat, by contrast, it has declined by 2%. In the state, in December 2020, Rs. 7,469 crore as against Rs. 7,336 crore or 133 crore less. The GST figure in December is also the lowest in the last six months. The highest GST collection in the last six months was 9,569 crore in November. However, compared to the October-December quarter of 2020, the state’s GST collection in 2021 was Rs. 3,580 crore or 16% increase.

The finance ministry said in a statement that a total of Rs. 1,29,780 crore. This is 13% more than in December last year and 26% more than in December 2019. In this figure, CGST is Rs. 22,578 crore, SGST Rs. 28,658 crore, IGST Rs. 69,155 crore (including Rs. 37,527 crore collected on imports of goods) and Rs. 9,389 crore (including Rs. 614 crore collected on import of goods).

The country’s
average revenue collection for the third quarter of the current year has been Rs 1.30 lakh crore, while the average monthly collection in the first and second quarters was Rs. 1.10 lakh crore and Rs. 1.15 lakh crore. GST revenue has increased due to economic reforms as well as legal action against tax evasion, especially against counterfeit billers. It is hoped that this revenue will increase in the next quarter.