Collect GST at Rs 1.29 lakh crore in December 2021

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The finance ministry’s same GST revenue collected in Dec 2021 was quite Rs one.29 large integer, up to thirteen from identical month last year. 

Though the receipts of but Rs one.31 large integers were written off in Nov, Dec was the sixth consecutive month within which financial gain from product sold and services amounted to quite Rs one large integer.

The finance ministry’s same GST revenue collected in Dec 2021 was quite Rs one.29 large integer, up to thirteen from identical month last year. 

Though the receipts of but Rs one.31 large integers were written off in Nov, Dec was the sixth consecutive month within which financial gain from product sold and services amounted to quite Rs one large integer.

Rs 4,444 GST total revenue collected in Dec 2021 is Rs one,29,780 together with Rs twenty-two,578, Rs 28,658 SGST, Rs 69,155 IGST (including Rs thirty-seven,527 levied on import of goods), and therefore the quantity is Rs nine,389 ( together with the Ministry of Finance same in a very statement.

Revenue for Dec 2021 is thirteen above GST revenue for the identical month of the previous year (1.15 Rs large integer crore) and twenty-sixth above Dec 2019.

The total monthly average GST for the third quarter (October Dec) of this year is Rs one.30 large integer compared to the typical monthly assortment of Rs one.10 large integer and Rs one.15 large integers severally within the half-moon and Mon.

“Combined with the economic recovery, anti-cheat activities, particularly those against phony scammers, have contributed to the rise in GST. 

The development in revenue is additionally due to the Council’s implementation of varied rate rationalization measures to regulate the reverse tariff structure,” the ministry same. He expects that the positive trend in earnings also will continue half-moon.

The average monthly GST assortment for the third quarter (October-December) of this year is Rs one.30 large integer compared to a median monthly assortment of Rs one.10 large integer and Rs one.15 large integer within the initial and second quarters, severally.

“Combined with the economic recovery, anti-cheat activities, particularly those against phony scammers, have contributed to the rise in GST.

The revenue improvement is additionally because of the varied rate rationalization measures taken by Council to accommodate the reverse tariff structure,” the ministry mentioned.

He expects that the positive trend in earnings also will continue half-moon.

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