GST Collections Soar to Rs 1.74 Lakh Crore in December, Driven by Imports

• Gross GST collections reached Rs 1.74 lakh crore in December, marking a 6.1% year-on-year increase.
• This represents the fastest GST growth in three months, indicating a revival in momentum after a softer trend.
• The surge was primarily fueled by a nearly 20% rise in GST from imports, while domestic collections grew modestly by 1.2%.
• Net GST revenue, after refunds, stood at Rs 1.46 lakh crore, showing a more subdued 2.2% growth.
• Major industrial states like Maharashtra, Gujarat, Karnataka, and Tamil Nadu remained top contributors to the GST pool.

Why It Matters: December GST growth, primarily from imports, signals a reasonably expanding economy.