Country’s GST collection increased 7.1 in December: Ministry of Finance

Delhi: The Ministry of finance on Wednesday in a data released about the GST collections in December, were at Rs 1.76 lakh crore, with a yearly jump of 7.3 per cent.  According to the data released by the Ministry shares  in December 2023, the total collection was to the tune of Rs 1.64 lakh crore..

Delhi: The Ministry of finance on Wednesday in a data released about the GST collections in December, were at Rs 1.76 lakh crore, with a yearly jump of 7.3 per cent. 

According to the data released by the Ministry shares  in December 2023, the total collection was to the tune of Rs 1.64 lakh crore.

CGST, SGST, IGST, and cess all increased year-on-year in December 2024, official data made available showed today.So far in 2024-25, the total GST collection has been 9.1 per cent higher at Rs 16.33 lakh crore, as against Rs 14.97 lakh crore mopped up in the corresponding period of 2023.
In April of 2024, the total GST mop-up surged to a record high of Rs 2.10 lakh crore.

During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent increase compared to the previous fiscal year.

The recent GST collections reflect a positive trajectory for India’s economy, underscoring robust domestic consumption and buoyant import activity. The figures bode well for the country’s fiscal health and economic recovery efforts, signalling resilience amidst global uncertainties.