According to a government announcement, Indias goods and Services tax receipts increased 15% year over year in December to Rs 1.49 lakh crore ($18.07 billion), suggesting robust economic activity throughout the holiday season. In November, revenue from goods and services taxes totaled Rs. 1.46 lakh crore.
The total amount of GST revenue collected in December 2022 was Rs 1,49,507 crore, of which the CGST portion was Rs 26,711 crore, the SGST portion was Rs 33,357 crore, the IGST portion was Rs 78,434 crore (including Rs 40,263 crore from the collection of GST on goods imported), and the Cess portion was Rs 11,005 crore (including Rs 850 crore collected on import of goods).
The government made a regular settlement of Rs 36,669 crore to CGST and Rs 31,094 crore to SGST from IGST.