GST collection up 7.3% to ₹1.77 lakh crore in December

The gross GST collection rose 7.3% year-on-year to ₹1.77 lakh crore in December.

The Central GST collection stood at ₹32,836 crore, State GST at ₹40,499 crore, Integrated IGST at ₹47,783 crore and Cess at ₹11,471 crore, according to government data released on Wednesday.

The total gross Goods and Services Tax (GST) revenue grew 7.3% to ₹1.77 lakh crore in December as compared to ₹1.65 lakh crore in the same month a year ago, it said.

During the month under review, GST from domestic transactions grew 8.4% to ₹1.32 lakh crore, while revenues from tax on imports rose about 4% to ₹44,268 crore.

In November, GST mop-up was ₹1.82 lakh crore with 8.5% annual growth. The highest-ever collection was in April 2024 at over ₹2.10 lakh crore.

During the month, refunds worth ₹22,490 crore were issued, registering 31% increase over the year-ago period. After adjusting refunds, net GST collection increased by 3.3% to ₹1.54 lakh crore.