December GST revenue croses Rs 1-lakh crore mark
New York/IBNS: The gross GST (Goods and Services Tax) revenue collection for December 2019 crossed the Rs. 1-lakh crore mark, official government data released on Wednesday revealed.
The data showed 16 percent rise over the revenue during the month of December, 2018.
"The gross GST revenue collected in the month of December, 2019 is ₹ 1,03,184crore of which CGST is ₹ 19,962crore, SGST is ₹ 26,792crore, IGST is ₹ 48,099crore (including ₹ 21,295crore collected on imports) and Cess is ₹ 8,331crore (including ₹ 847crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to 31stDecember, 2019 is 81.21lakh," read a government statement.
" If we consider IGST collected from imports, the total revenue during December, 2019 has increased by 9% in comparison to the revenue during December, 2018. During this month, the IGST on import of goods has seen a negative growth of (-) 10%, but is an improvement over (-) 13% last month and (-) 20% in the month of October," it said.
The government has settled Rs. 21,814crore to CGST and Rs. 15,366crore to SGST from IGST as regular settlement.
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