GST Collection: Astonishing Rs 1,29,780 crore gross GST Revenue collection for December 2021

GST Collection: Astonishing Rs 1,29,780 crore gross GST Revenue collection for December 2021




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GST Collection:

Astonishing Rs 1,29,780 crore gross GST Revenue collection for December 2021

 

The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, 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 government has settled Rs 25,568 crore to CGST and Rs 21,102 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States in the month of December 2021 after settlements is Rs 48,146 crore for CGST and Rs 49,760 crore for the SGST.
The revenues for the month of December 2021 are 13% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in December 2019. During the month, revenues from import of goods was 36% higher and the revenues from domestic transaction (including import of services) are 5% higher than the revenues from these sources during the same month last year.
The GST collection in the month is close to Rs 1.30 lakh crore despite reduction of 17% in the number of e-way bills generated in the month of November, 2021 (6.1 crore) as compared to the month of October, 2021 (7.4 crore) due to improved tax compliance and better tax administration by both Central and State Tax authorities.
The average monthly gross GST collection for the third quarter 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. 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 rationalization measures undertaken by the Council to correct inverted duty structure. It is expected that the positive trend in the revenues will continue in the last quarter as well.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of December, 2021 as compared to December 2020.
State-wise growth of GST Revenues during December 2021
State
Dec-20
Dec-21
Growth
Jammu and Kashmir
318
320
0%
Himachal Pradesh
670
662
-1%
Punjab
1,353
1,573
16%
Chandigarh
158
164
4%
Uttarakhand
1,246
1,077
-14%
Haryana
5,747
5,873
2%
Delhi
3,451
3,754
9%
Rajasthan
3,135
3,058
-2%
Uttar Pradesh
5,937
6,029
2%
Bihar
1,067
963
-10%
Sikkim
225
249
11%
Arunachal Pradesh
46
53
16%
Nagaland
38
34
-12%
Manipur
41
48
18%
Mizoram
25
20
-23%
Tripura
74
68
-9%
Meghalaya
106
149
40%
Assam
984
1,015
3%
West Bengal
4,114
3,707
-10%
Jharkhand
2,150
2,206
3%
Odisha
2,860
4,080
43%
Chhattisgarh
2,349
2,582
10%
Madhya Pradesh
2,615
2,533
-3%
Gujarat
7,469
7,336
-2%
Daman and Diu
4
2
-60%
Dadra and Nagar Haveli
259
232
-10%
Maharashtra
17,699
19,592
11%
Karnataka
7,459
8,335
12%
Goa
342
592
73%
Lakshadweep
1
1
170%
Kerala
1,776
1,895
7%
Tamil Nadu
6,905
6,635
-4%
Puducherry
159
147
-8%
Andaman and Nicobar Islands
22
26
18%
Telangana
3,543
3,760
6%
Andhra Pradesh
2,581
2,532
-2%
Ladakh
8
15
83%
Other Territory
88
140
58%
Centre Jurisdiction
127
186
47%
Grand Total
87,153
91,639
5%




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