Centre earned nearly Rs 1.3 lakh crore in GST revenue in December

According to the press release, revenue from import of goods was 36% higher and the revenues from domestic transactions (including import of services) are 5% higher than the revenues from these sources during the same month last year.

"The GST collection in the month is close to Rs 1.30 lakh crore despite a reduction of 17% in the number of e-way bills generated in the month of November, 2021 (Rs 6.1 crore) as compared to the month of October, 2021 (Rs 7.4 crore) due to improved tax compliance and better tax administration by both central and state tax authorities," the statement read.

The statement further said the average monthly gross GST collection for the third quarter of the current fiscal was higher than the average monthly collection of Rs 1.10 lakh crore and Rs 1.15 lakh crore, recorded in the first and second quarters respectively. "Coupled with economic recovery, anti-evasion activities--especially action against fake billers--have been contributing to the enhanced GST," the release read.

The improvement in revenue has also been due to various rate rationalisation measures undertaken by the GST Council to correct inverted duty structure. "It is expected that the positive trend in the revenues will continue in the last quarter as well," the statement added.