Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April December 2023 period
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- January 01, 2024
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The gross GST collection has jumped up by 12 per cent to Rs 14.97 lakh crore in the April December 2023 period, the Finance Ministry informed on Monday. "During the April December 2023 period, gross GST collection witnessed a robust 12 per cent y o y growth, reaching Rs 14.97 lakh crore, as against Rs 13.40 lakh crore collected in the same period of the previous year (April December 2022)," the Ministry of Finance said.
The average monthly gross GST collection of Rs 1.66 lakh crore in the first nine month period this year represents a 12 per cent increase compared to the Rs 1.49 lakh crore average recorded in the corresponding period of FY23. The gross GST revenue collected in the month of December 2023 is Rs1,64,882 crore out of which CGST is Rs 30,443 crore, SGST is Rs 37,935 crore, IGST is Rs 84,255 crore (including Rs 41,534 crore collected on import of goods) and cess is Rs 12,249 crore (including Rs 1,079 crore collected on import of goods).
Notably, this marks the seventh month so far this year with collections exceeding Rs 1.60 lakh crore..
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