GST Collections grow 9% in December to Rs.1.03 lakh crore

The Government said on Tuesday that GST Collections have grown to Rs 1.03 lakh crore, from Rs 94,726 crore a year earlier. Collections expanded 6% year-on-year in November, after falling for the previous two months. The officials said that this growth pertains to various measures taken up by government like cancellation of registration of defaulters and blocking of input tax credit. “GST revenues in December 2019 from domestic transactions have shown an impressive growth of 16% over revenues collected in December 2018,” a finance ministry statement said. Jammu and Kashmir showed highest increase which rose 40% to Rs 409 crore last month. The government has settled Rs 21,814 crore to CGST and Rs 15,366 crore to SGST from IGST of Rs 48,099 crore as regular settlement, it said.

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