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GST Collections of December 2022

Updated on: Jan 2nd, 2023 - 9:03:50 AM

27 min read

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GST collection for December 2022 is Rs.1,49,507 crore, rising from Rs.1,45,867 crore from last month. The GST collections for November 2022 had dropped compared to October 2022. Further, it has grown by 15% Year-on-Year (YoY) basis. Moreover, the monthly collections have crossed the Rs.1.4 lakh crore mark for ten months in a row.

The government had reported collection for October 2022 as Rs.1,51,718 crore, which is still higher than the GST collections for December 2022.

Break up of GST Collections for December 2022

The GST collections included Rs.26,711 crore collected towards CGST, Rs.33,357 crore towards SGST, and Rs.78,434 crore towards IGST. IGST includes Rs.40,263 crore worth of GST collected on the import of goods. 

The latest PIB report further states that the cess collections amounted to Rs.11,005 crore, including Rs.850 crore accumulated by importing goods.

The government report highlights that the Centre made a settlement of Rs.36,669 crore and Rs.31,094 crore in December 2022 towards CGST and SGST, respectively, out of the IGST collections received. 

Furthermore, it released Rs.17,000 crore towards GST compensation to the state governments and Union Territories in November 2022. The aggregate revenue of the Centre and states post the regular settlements in December 2022 works out to Rs.63,380 crore for Central GST and Rs.64,451 crore for State GST.

Analysis of the GST Collection for December 2022

The GST annual return filing and the holiday season during December 2022 pushed up the Month-on-Month GST collections by 18% for domestic transactions, including service imports, and 8% for the import of goods. 

The GST revenues for December 2022 are 15% higher than the monthly GST collections of December 2021 on a Year-on-Year (Y-o-Y) basis. The GST collection for December 2021 was Rs. 1,29,780 crore. The chart given below represents a YoY comparison of monthly GST collection.

gst collection december 2022

Image credit- PIB

The Centre continues to curb unlawful input tax credit claims and put restrictions on taxpayers for late filing of GST returns. The recent GST notifications amending the CGST Rules, issued on 26th December 2022, are evidence of it. Businesses must also monitor their vendors’ GST compliance to ensure timely claim of Input Tax Credit (ITC). Hence, the monthly GST collection will continue to grow in the last few months of the current fiscal 2022-23. 

GST Collection for December 2022 State-wise

GST collection comprising ‘other territory’ recorded the highest Y-o-Y rise of 78%. It was followed by Ladakh at 68%. Dadra and Nagar Haveli, Bihar and Chandigarh followed the suit.

Just like in November 2022, Maharashtra posted the highest GST collection for December 2022 in absolute terms at Rs.23,598 crore. States like Karnataka, Gujarat, Tamil Nadu, Haryana and Uttar Pradesh have also shown impressive numbers.

On the flip side, few states and Union Territories showed degrowth in December 2022. These include Daman and Diu, Goa, Lakshadweep, Manipur, Odisha, Andaman and Nicobar Islands and Centre jurisdiction.

 

State/UT

December 2021

December 2022

+/-

Jammu and Kashmir

320

410

28%

Himachal Pradesh

662

708

7%

Punjab

1,573

1,734

10%

Chandigarh

164

218

33%

Uttarakhand

1,077

1,253

16%

Haryana

5,873

6,678

14%

Delhi

3,754

4,401

17%

Rajasthan

3,058

3,789

24%

Uttar Pradesh

6,029

7,178

19%

Bihar

963

1,309

36%

Sikkim

249

290

17%

Arunachal Pradesh

53

67

27%

Nagaland

34

44

30%

Manipur

48

46

-5%

Mizoram

20

23

16%

Tripura

68

78

15%

Meghalaya

149

171

15%

Assam

1,015

1,150

13%

West Bengal

3,707

4,583

24%

Jharkhand

2,206

2,536

15%

Odisha

4,080

3,854

-6%

Chhattisgarh

2,582

2,585

0%

Madhya Pradesh

2,533

3,079

22%

Gujarat

7,336

9,238

26%

Daman and Diu

2

-

-86%

Dadra and Nagar Haveli

232

317

37%

Maharashtra

19,592

23,598

20%

Karnataka

8,335

10,061

21%

Goa

592

460

-22%

Lakshadweep

1

1

-36%

Kerala

1,895

2,185

15%

Tamil Nadu

6,635

8,324

25%

Puducherry

147

192

30%

Andaman and Nicobar Islands

26

21

-19%

Telangana

3,760

4,178

11%

Andhra Pradesh

2,532

3,182

26%

Ladakh

15

26

68%

Other Territory

140

249

78%

Center Jurisdiction

186

179

-4%

Grand Total

91,639

1,08,394

18%

The GST Collections December 2022 was reported by the Finance Ministry by a press release on the PIB on 1st January 2023.

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