GST collection increased by nine percent in December

The Goods and Services Tax (GST) collection in December 2019 increased by nearly 9% to Rs 1.03 lakh crore. It was Rs 94,726 crore in the same month a year ago. GST collections have increased due to improvements in information sold and improved tax evasion measures. It increased by 6 per cent in November 2019, after a reduction in collections for two months. The government has taken some measures in the past few months to improve the collection, including preventing tax evasion. Revenue Secretary Ajay Pandey, in a meeting with senior officials in December, gave a clear message of increasing GST collections.

The Goods and Services Tax (GST) collection in December 2019 increased by nearly 9% to Rs 1.03 lakh crore.

GST collection increased by nine percent in December
GST collection increased by nine percent in December

He directed to cancel the registration of defaulters and block input tax credit. The Finance Ministry said that during December 2019, there has been a good increase in GST revenue from domestic transactions. If integrated GST from imports is combined, the total revenue in December 2019 increased by 9%. The total number of GST returns filed from November to December last year was 81.21 lakh. This indicates an improvement in compliance. At the state level, the collection in Jammu and Kashmir in December 2019 increased by 40% to Rs 409 crore. Maharashtra recorded the highest collection of Rs 16,530 crore in December.

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