How did the GST revenues stack up in the month of December 2021?

GST revenues for Dec-21 came in robust and almost flat at Rs.1.29 trillion. That is 13% higher collection on yoy basis. However, it must be remembered that this number refers to the November month activity and December could have seen some pressure due to the Omicron scare. This is the sixth consecutive month when the GST collections stayed above the Rs.1 trillion mark and today it is a far cry from the weak GST collections of 2020.

The total collection of Rs.1.29 trillion includes CGST collections of Rs.22,578 crore, SGST collections of Rs.28,658 crore, IGST of Rs.69,155 crore and cess of Rs.9,389 crore. The IGST also includes a substantial portion of import GST collected in the month. The average monthly GST collections in Dec-21 quarter was Rs.1.30 trillion. Additionally, the drive against evasion and fake billers led to enhanced GST, apart from rationalization of GST rates.