businessUpdated: Jan 02, 2020 06:07 ISTGross Goods and Services Tax (GST) collections crossed the Rs 1 lakh crore benchmark for the second consecutive month in December 2019. At Rs 1.03 lakh crore, the number marked a 9% year-on-year growth on the back of increased consumption and better compliance. GST collections have recovered after falling below the Rs 1 lakh crore mark for three months in a row — August, September and October 2019. Out of the gross GST revenue of Rs 1.03 lakh crore in December, the Central GST component is Rs 19,962 crore, state GST is Rs 26,792 crore, IGST is Rs 48,099 crore and cess is Rs 8,331 crore, the finance ministry said in a statement. The two people cited above said there is a certainty in improvement of revenue collection in the future with the introduction of e-invoicing.

Source: Hindustan Times January 02, 2020 00:38 UTC