GST revenue in Dec slips to 1.65 tn, may pick up again
Mint Mumbai|January 02, 2024
Central and state governments collected 1,64,882 crore (1.65 trillion) in goods and services tax (GST) revenue in December, a notch below the average so far this year of 1.66 trillion per month, but still a 10.3% jump from a year ago.
GST revenue in Dec slips to 1.65 tn, may pick up again

The Centre and states had collected around 1.5 trillion in December 2022.

The finance ministry said in a statement that in the April-December period of this fiscal, the gross GST collection grew 12% compared to the year-ago period to 14.97 trillion.

The GST receipts in December are the lowest since October witnessed a peak of ₹1.72 trillion, which was this fiscal's second highest after a record ₹1.87 trillion in April. This indicates a moderation after businesses replenished supply chains in the pre-festive months, but receipts could see a further increase closer to the fiscal year-end. Barring May and August, GST receipts have remained above ₹1.6 trillion this fiscal.

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