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GST kitty grows 10% in December on strong domestic sources
![IndiaTimes]()
Tuesday, 2 January 2024
Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the finance ministry pegged collections from domestic sources to have increased 13% in December (for transactions in November). While Central and State GST rose by around 14% each, integrated GST - levied on inter-state sales and imports - grew 7.4%, pulled down by imports. IGST on imports is estimated to have increased 3.2%, indicating that the value of shipments into the country remained muted during November.
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Tuesday, 2 January 2024
