More Stories

Informist, Wednesday, Jan. 1, 2025

 

Please click here to read all liners published on this story

--India Dec GST cess collections INR 123 bln 
--India Dec Integrated GST collections INR 912 bln 
--India Dec State GST collections INR 405 bln 
--India Dec Central GST collections INR 328 bln 
--India Dec total GST mop-up INR 1.77 tln, down 3.0% on month 
--India Dec total GST mop-up INR 1.77 tln, up 7.3% on year 
--India Dec total GST mop-up INR 1.77 tln 

 

NEW DELHI – India's goods and services tax collections grew 7.3% on year to INR 1.769 trillion in December, data released by the government Wednesday showed. Both the on-year growth in collections and the absolute mop-up figures last month were at a three-month low. It was broadly expected that GST figures for December would be good owing to year-end spending, but the data showed that on a monthly basis, collections were down 3%. 

 

GST collections were INR 1.823 trillion in November, up 8.5% on year and down 2.7% on month.

 

Of the total collections in December, Central GST accounted for INR 328.36 billion, State GST was INR 404.99 billion, Integrated GST accounted for INR 912.21 billion, and INR 123.01 billion was from compensation cess. GST revenue, net of refunds, was INR 1.544 trillion in December, up 3.3% on year.

 

Gross domestic GST revenue rose 8.4% on year to INR 1.326 trillion in December, while the import revenue was up 3.9% at INR 442.68 billion. Refunds during the month were high, up 45.3% on year at INR 224.90 billion. 

 

In Apr-Dec, GST collections were up 9.1% on year at INR 16.336 trillion. The post-settlement revenues of states rose 12% on year to INR 7.174 trillion in the first nine months of the current financial year ending March.  End

 

Reported by Priyasmita Dutta

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.