GST mop-up about Rs 1.5 trillion in Dec, third-highest ever: FinMin data

Surge of 15% on annual basis; might exceed BE by Rs 1.3-1.4 trillion

Gross goods and services tax (GST) collection for December rang up over Rs 1.49 trillion, the data released by the finance ministry showed.
 

This is a surge of 15 per cent year-on-year, mainly driven by increase in retail prices of consumption items, high inflation, and action taken to ensure compliance.
 

This was the third-highest monthly collection since the tax was introduced in July 2017.
 

GST collection touched a record high of Rs 1.68 trillion in April and touched over Rs 1.51 trillion in October.
 

“This is the tenth month in a row — that monthly GST revenue has been more