GST collection jumps 15% to ₹1.49 lakh crore in December 2022

GST revenues rose by 15% in December 2022 to over ₹1.49 lakh crore, the Finance Ministry said on Sunday.

"The gross GST revenue collected during December 2022 is ₹1,49,507 crore, of which CGST is ₹26,711 crore, SGST is ₹33,357 crore, IGST is ₹78,434 crore (including ₹40,263 crore collected on import of goods) and cess is ₹11,005 crore (including ₹850 crore collected on import of goods)," the ministry said in a statement.

The monthly GST revenues more than ₹1.4 lakh crore for 10 straight months in a row.

The government has settled ₹36,669 crore to CGST and ₹31,094 crore to SGST from IGST as regular settlement.

The total revenue of Centre and the States after regular settlements in the month of December 2022 is ₹63,380 crore for CGST and ₹64,451 crore for the SGST.

The revenues for the month of December 2022 are 15% higher than the GST revenues in the same month last year.

During the month, revenues from import of goods was 8% higher and the revenues from domestic transaction (including import of services) are 18% higher than the revenues from these sources during the same month last year.

During the month of November, 2022, 7.9 crore e-way bills were generated, which was significantly higher than 7.6 crore e-way bills generated in October, 2022.