GST Collection Stays Above Rs 1 Lakh Crore For Sixth Month In A Row

The government's goods and service tax revenue collection stayed above Rs 1 lakh crore for the sixth straight month.

GST revenue for November, collected in December, stood at Rs 1,29,780 crore, according to a statement by the Finance Ministry. That's 13% higher than a year ago and 26% greater than revenue in pre-pandemic December 2019.

The ministry also said average monthly gross GST collection for the third quarter of the ongoing fiscal has been Rs 1.30 lakh crore.

Break-Up Of GST Collections

• Central GST: Rs 22,578 crore.

• State GST: Rs 28,658 crore.

• Integrated GST: Rs 69,155 crore, including Rs 37,527 crore collected on import of goods.

• Cess: Rs 9,389 crore, including Rs 614 crore collected on import of goods.

Reduced E-Way Bill Generation

The ministry said economic recovery along with anti-evasion activities, action against fake billers and rate rationalisation measures undertaken by the GST Council to correct inverted duty structure resulted in higher tax collections.

While the collection fell 1.32% over October, the statement said the number of e-way bills, at 6.1 crore, fell 17% month-on-month owing to improved tax compliance and better tax administration by central and state tax authorities.

The positive trend in revenues is expected to continue into the last quarter too, the statement said.

State-Wise Tally

GST collections rose the most over the preceding year in Odisha—at 43%—to Rs 4,080 crore.

Other states like Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh recorded high collections, with collections in Maharashtra and Karnataka growing in double digits.

Collections in Maharashtra grew 11% year-on-year to Rs 19,592 crore, while those in Karnataka rose 12% over the preceding year to Rs 8,335 crore.

Among other major states, collections increased 2% to Rs 7,336 crore in Gujarat, fell 4% to Rs 6,635 crore in Tamil Nadu and dropped 2% year-on-year to Rs 5,937 crore in Uttar Pradesh.