GST Mop-Up Surges 7% To Rs 1.77 Lakh Cr In Dec

New Delhi: The gross GST collection rose 7.3 per cent year-on-year to Rs1.77 lakh crore in December. The Central GST collection stood at Rs32,836 crore, State GST at Rs40,499 crore, Integrated IGST at Rs47,783 crore and Cess at Rs11,471 crore, according to government data released on Wednesday.

The total gross Goods and Services Tax (GST) revenue grew 7.3 per cent to Rs1.77 lakh crore in December as compared to Rs1.65 lakh crore in the same month a year ago, it said. During the month under review, GST from domestic transactions grew 8.4 per cent to Rs1.32 lakh crore, while revenues from tax on imports rose about 4 per cent to Rs44,268 crore.

In November, GST mop-up was Rs1.82 lakh crore with 8.5 per cent annual growth. The highest-ever collection was in April 2024 at over Rs2.10 lakh crore. During the month, refunds worth Rs22,490 crore were issued, registering 31 per cent increase over the year-ago period. After adjusting refunds, net GST collection increased by 3.3 per cent to Rs1.54 lakh crore.