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The gross GST revenues collected in December 2021 stood at Rs 1,29,780 crore, 13 percent higher than the GST revenues collected in the same month of 2020, and 26 percent higher than the GST revenues in December 2019.
In December 2021, revenues from imports were 36 percent higher, and the revenues from domestic transactions (including import of services) were 5 percent higher than the revenues from these sources collected during the same month of 2020.
The GST collection for December 2021 was close to Rs 1.30 lakh crore despite reduction of 17 percent in the number of e-way bills generated in the month of November 2021 (6.1 crore) as compared to the month of October 2021 (7.4 crore) due to improved tax compliance and better tax administration by both Central and state tax authorities.
Coupled with economic recovery, anti-evasion activities, especially action against fake billers, have been contributing to the enhanced GST. The improvement in revenues has also been due to various rate rationalisation measures undertaken by the GST Council to correct the inverted duty structure.
It is expected that the positive trend in revenues will continue in the last quarter as well, informed the Ministry of Finance.
The government has settled Rs 25,568 crore to CGST and Rs 21,102 crore to SGST from IGST as regular settlement. The total revenues of Centre and the states in December 2021 after settlements stood at Rs 48,146 crore for and Rs 49,760 crore, respectively.
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