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The Finance Ministry has said that Goods and Services Tax (GST) revenues grew 13 per cent to over Rs 1.29 lakh crore in December 2021, as compared to Rs 1.15 lakh crore GST revenues in the same month last year, mainly due to pickup in economic activity and anti-evasion steps. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when the revenues from goods sold and services rendered stood at over Rs 1 lakh crore.

The gross GST revenue collected in December 2021 is Rs 1,29,780 crore, of which Central GST (CGST) is Rs 22,578 crore, State GST (SGST) is Rs 28,658 crore, Integrated GST (IGST) is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).

The average monthly gross GST collection for the third quarter (October-December) of the current year has been Rs 1.30 lakh crore against the average monthly collection of Rs 1.10 lakh crore and Rs 1.15 lakh crore in the first and second quarters, respectively. The ministry said ‘Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalisation measures undertaken by the Council to correct inverted duty structure’.