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GST revenue rises 10% in December to ₹1.65 lakh cr
January 02, 2024
|The Morning Standard
Average monthly collection for 2023-24 comes at 1.66 lakh crore
The government on Monday reported a 10% year-on-year (YoY) rise in goods and services tax (GST) collections, amounting to ₹1.65 lakh crore.
Though the December GST collections of ₹1.65 lakh crore were 2% lower than the ₹1.68 lakh crore recorded in November, it marks the tenth consecutive month where the monthly GST collection has surpassed the ₹1.5 lakh crore threshold.
In December, Central GST recorded ₹30,443 crore, state GST amounted to? 37,935 crore, integrated GST stood at ₹84,255 crore, and cess accounted for ₹12,249 crore. After adjusting from the integrated GST pool, the total revenue for the Centre reached ₹70,501 crore and ₹71,587 crore for State during the month.
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