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GST Revenue collection rises to Rs 103184 crore in December 2019

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Capital Market

Total number of GSTR 3B Returns filed for November is 81.21 lakh up to 31 December 2019

The gross GST revenue collected in the month of December 2019 is Rs 103184 crore of which CGST is Rs 19962 crore, SGST is Rs 26792 crore, IGST is Rs 48099 crore (including Rs 21295 crore collected on imports) and Cess is Rs 8331 crore (including Rs 847 crore collected on imports).

The total number of GSTR 3B Returns filed for the month of November up to 31 December 2019 is 81.21 lakh.

The GST revenues during the month of December 2019 from domestic transactions has shown an impressive growth of 16% over the revenue during the month of December 2018. Considering 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.

 

The government has settled Rs 21814 crore to CGST and Rs 15366 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of December 2019 is Rs 41776 crore for CGST and Rs 42158 crore for the SGST.

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First Published: Jan 01 2020 | 5:32 PM IST

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