GST collection above ₹ 1 lakh crore for second month in a row - News Summed Up

GST collection above ₹ 1 lakh crore for second month in a row


The gross GST revenue collected in the month of December, 2019 rose to ₹1,03,184 crore, the second month in a row when collections were above ₹1 lakk crore, government data showed. In November 2019, the GST collections were at ₹1,03,492 crore. In December 2018, the total GST collections were at ₹94,726 crore. However, including IGST collected from imports, the total revenue during December, 2019 increased by 9% in comparison to the revenue during December, 2018. Out of the December 2019 collections, CGST comprised ₹19,962 crore, SGST ₹26,792 crore, IGST ₹48,099 crore (including ₹21,295 crore collected on imports) and cess is ₹8,331 crore (including ₹847 crore collected on imports).


Source: Mint January 01, 2020 10:30 UTC



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