Categories: Economy

GST Collection Stood At Rs 1.29 Lakh Crore in December 2021

GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month in 2020. The gross GST revenue collected in the month of December 2021 is ₹ 1,29,780 crore, of which CGST is ₹ 22,578 crore, SGST is ₹ 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crores collected on import of goods) and cess is Rs 9,389 crore.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from goods sold and services rendered stood at over Rs 1 lakh crore. The average monthly gross GST collection for the third quarter (October-December) 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 quarter, respectively.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

Bhutan Confers Royal Honour on Indian Educationist Arun Kapur

Indian educationist Arun Kapur, known for his contributions to education in India, Bhutan, and Oman,…

2 mins ago

Minorities Rights Day Celebrated Nationwide

Minorities Rights Day is observed every year on December 18, marking the adoption of the…

5 mins ago

Indian Army Unveils AI Incubation Centre for Future Warfare

The Indian Army has launched the Indian Army AI Incubation Centre (IAAIIC) in Bengaluru, marking…

31 mins ago

Which District of Uttar Pradesh is Known as the City of Vinegar?

Uttar Pradesh is a large state in northern India, known for its rich history, diverse…

1 hour ago

HSBC Taj Credit Card: A Luxe Partnership for Discerning Travelers

HSBC India has partnered with the Indian Hotels Company (IHCL) to launch the HSBC Taj…

1 hour ago

Madhya Pradesh Welcomes 10th International Forest Fair

The 10th International Forest Fair, held in Bhopal, Madhya Pradesh, commenced on December 17, 2024,…

1 hour ago