Gujarats total collection of goods and Services tax (GST) for December 2021 declined by 2%. The states GST mop-up was Rs 7,336 in December 2021, against Rs 7,469 crore, according to data from the Union finance ministry. players attribute the decline in GST collection to reduced demand coupled with cuts in industrial production afterDiwali.
Indicating a decline in demand across sectors after the festive season surge, GST collection in Gujarat fell by 23% in December, when compared to November. In December, the states GST mop-up stood at Rs 7,336 crore, against the record-high level of Rs 9,569 crore in November 2021. Industry players say that demand came crashing owing due to high raw material prices and production being curtailed, because of which total tax collection declined.
The states GST mop-up hit its record-high of Rs 9,569 crore in November. In November, GST collection in the state rose by 12% against that of October.