New Delhi: The gross Goods and Services Tax ( GST) revenue in the month of December, 2023 stood at Rs 1,64,882 crore. This GSt collection is 10.3 per cent higher than the GST revenues in the same month last year. This marks the seventh month so far this year with collections exceeding Rs 1.60 lakh crore. Data released by the Union Finance Ministry revealed this.,
‘The gross GST revenue collected in the month of December, 2023 is Rs 1,64,882 crore out of which CGST is Rs 30,443 crore, SGST is Rs 37,935 crore, IGST is Rs 84,255 crore (including Rs 41,534 crore collected on import of goods) and cess is Rs 12,249 crore (including Rs 1,079 crore collected on import of goods),’ the Ministry said.
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During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a growth of 12 per cent, reaching Rs 14.97 lakh crore against Rs 13.40 lakh crore collected in the same period of the previous year. The average monthly gross GST collection of Rs 1.66 lakh crore in the first nine-month period this year represents a 12 per cent increase compared to the Rs 1.49 lakh crore average recorded in the corresponding period of FY23.
The Ministry informed that the government has settled Rs 40,057 crore to CGST and Rs 33,652 crore to SGST from IGST. The total revenue of Centre and the states in December 2023 after the regular settlement is Rs 70,501 crore for CGST and Rs 71,587 crore for the SGST.
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