New Delhi: Giving a positive signal to the country’s economy, a significant increase has been recorded in the collection of Goods and Services Tax (GST) in the month of December. According to official data, the total GST collection in December stood at Rs 1.75 lakh crore. This figure is 6.1 percent more than the collection of Rs 1.65 lakh crore in December last year.

How much has the collection increased from last year?

If December 2023 and December 2024 are compared, there is clearly an improvement in tax collection. Experts believe that this increase indicates acceleration in economic activities, better tax compliance and improvement in consumption. It is a matter of relief for the government that GST collection remains strong even after the festive season.

Indication of boom in economic activities

The increase in GST collection in December indicates that activities in industry, trade and service sectors remain stable. Especially a good share in tax collection has been seen from manufacturing, retail and service sectors. This shows that there is demand in the market and people are spending.

Impact of government policies

According to experts, the effect of the government simplifying the tax system and strengthening the digital platform is clearly visible on GST collection. E-invoicing, online filing and strict monitoring have reduced tax evasion, thereby increasing revenue.

Relief for states and center

Both the central and state governments benefit from the increase in GST collection. This makes more resources available to the states for development works, infrastructure and social schemes. At the same time, it proves helpful for the central government in controlling the financial deficit.

Expectations for the coming months

Economic experts believe that if this trend continues further, then GST collection may be even better in the coming months. Tax collections are likely to be further strengthened by increased production in industries, increase in demand for services and improvement in consumer spending.

Challenges still remain

Although the increase in GST collection is a positive sign, experts also believe that it is important to keep an eye on factors like global economic conditions, inflation and interest rates. These may have an impact on domestic demand and trade.

positive signs for the economy

Overall, the GST collection of Rs 1.75 lakh crore in the month of December shows the strength of the Indian economy. This not only improves the revenue position of the government, but also signals confidence to investors and the market. In the coming times, it will be important to see how long this momentum continues.