Goods and Services Tax (GST) Collections
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Context
- India’s Goods and Services Tax (GST) revenues rose to nearly ₹1.5 lakh crore in December 2022, 15% higher than a year ago.
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Details
- On a sequential basis, while there was a 2.5% rise in revenues from November to December 2022, the number of e-way bills generated went up 3.95% to 7.9 crore in December.
- Revenues from domestic transactions rose 18% overall. Bihar reported the highest growth in revenues at 36%.
- Among the Union Territories, Ladakh reported a sharp 68% spike in revenues. However, Daman and Diu reported a whopping 86% drop in GST collections.
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