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GST revenues grow 15% to Rs 1.49 lakh cr

Agencies by Agencies
02/01/2023
in Front
1 min read
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New Delhi: India’s goods and services tax receipts in December rose 15% year-on-year to Rs 1.49 lakh crore ($18.07 billion), a government statement said on Sunday, reflecting strong economic activity during the festive season.

Goods and services taxes brought in Rs 1.46 lakh crore in November.

The gross GST revenue 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) and Cess is Rs 11,005 crore (including Rs 850 crore collected on import of goods).

The Government has settled Rs 36,669 crore to CGST and Rs 31,094 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of December 2022 is Rs 63,380 crore for CGST and Rs 64,451 crore for the SGST.

According to the Finance ministry statement, during the month, revenues from import of goods was 8% higher and the revenues from domestic transaction (including import of services) are 18% higher than the revenues from these sources during the same month last year.

“During the month of November, 2022, 7.9 crore e-way bills were generated, which was significantly higher than 7.6 crore e-way bills generated in October, 2022.” the report stated. (Agencies)

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  • Need to change our mindset

    Roscoe Pound’s Theory of Social Engineering

    917 shares
    Share 367 Tweet 229
  • Laboratory bearers working in School Education department demand promotion

    774 shares
    Share 310 Tweet 194
  • Sanjiv Bhagat inaugurates free legal aid clinic at Bodh Kharboo

    501 shares
    Share 200 Tweet 125
  • Fire breaks out in civil secretariat

    499 shares
    Share 200 Tweet 125
  • Republic Day – Celebrating 74 years of India’s glory 

    495 shares
    Share 198 Tweet 124
  • Tumbaknari: The sound of Kashmir

    520 shares
    Share 208 Tweet 130
  • 5G services to reach J&K soon: LG Sinha

    494 shares
    Share 198 Tweet 124
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