GST collections hit record high of over Rs 1.15 lakh cr in Dec

New Delhi: The gross goods and services tax (GST) revenue collected in the month of December 2020 was Rs 1,15,174 crore of which CGST was Rs 21,365 crore, SGST was Rs 27,804 crore, IGST was Rs 57,426 crore (including Rs 27,050 crore collected on import of goods) and cess was Rs 8,579 crore (including Rs 971 crore collected on goods imports).

The total number of GSTR-3B Returns filed for November up to December 31, 2020, was 87 lakhs.

The government settled Rs 23,276 crore to CGST and Rs 17,681 crore to SGST from IGST as regular settlement. The total revenue earned by the Union government and the state governments after regular settlement in the month of December 2020 was Rs 44,641 crore for CGST and Rs 45,485 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for December 2020 was 12 per cent higher than the GST revenues in the same month last year.