December GST Revenue Collections Up 15% Yoy To Rs 1,49,507 – Explained!

The authorities collected a Gross Goods and Services Tax (GST) of Rs 1,49,507 crore throughout December 2022, in response to a authorities assertion. Out of this, CGST stood at Rs 26,711 crore, SGST at Rs 33,357 crore whereas IGST at Rs 78,434 crore (together with Rs 40,263 crore levied on import of products). This assertion mentioned. Meanwhile, the tax is at Rs 11,005 crore (together with Rs 850 crore levied on the importation of products).

December GST income collections up 15% yoy to Rs 1,49,507

The Government has settled Rs 36,669 crore to CGST and Rs 31,094 crore to SGST from IGST as common settlement. The complete income of the Center and states after common offers within the month of December 2022 is Rs 63,380 crore for CGST and Rs 64,451 crore for SGST.

The earnings for the month of December 2022 is 15% larger than the GST earnings for a similar month final 12 months. During the month, earnings from imports of products was 8 % larger and earnings from inside transactions (together with imports of providers) is eighteen % larger than earnings from these sources throughout the identical month final 12 months. During the month of November 2022, digital invoices of Rs 7.9 crore have been generated, which was considerably larger than the digital invoices of Rs 7.6 crore generated in October 2022.

The chart under reveals the developments in gross month-to-month GST earnings for the present 12 months. The desk reveals the state figures for GST collected in every state for the month of December 2022 in comparison with December 2021.

[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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