Current Affairs

December GST Revenue Collection

Current context: Rs 1,03,184 crore is the gross GST revenue collected in the month of December, 2019.
 December GST Revenue Collection
  • Out of the total amount, the revenue collected include:
    • CGST is Rs 19,962crore 
    • SGST is Rs 26,792crore 
    • IGST is Rs 48,099crore (including ₹ 21,295crore collected on imports) 
    • Cess is Rs 8,331crore (including ₹ 847crore collected on imports) 
  • A total of 81.21lakh GSTR 3B Returns have been filed for the month of November up to 31stDecember, 2019.
  • The impressive growth of 16% is observed in the GST revenues during the month of December, 2019 from domestic transactions, as compared to the Dec 18 collection.
  • The government has settled Rs 21,814crore to CGST and Rs 15,366crore to SGST from IGST as regular settlement. 
  • Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. 
  • GST tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28% .
  • GST came into effect from 1st July 2017. 

Question

What is the gross GST revenue collected in the month of December, 2019?
a. Rs 1,03,492 crore
b. Rs 95,380 crore
c. Rs 1,03,184crore
d. Rs 99,734 crore
December GST Revenue Collection December GST Revenue Collection Reviewed by Shweta Kashyap on January 02, 2020 Rating: 5

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