GST Collections Up By 11% Y-O-Y To At Rs 1.45 Lakh Cr In November

This is the straight ninth month in which the monthly GST revenue collection exceeded Rs 1.40 lakh crore

In the last month, the gross (Goods and Services Tax) GST revenue collection was over Rs 1,45,867 crore, according to the data shated by ministry.

This is the straight ninth month in which the monthly GST revenue collection exceeded Rs 1.40 lakh crore.

The Finance Ministry said, More than Rs 1,31,526 crore worth of GST revenue was collected in November 2021, an increase of 11 per cent compared to the corresponding month of the previous year.

GST collections have remained above Rs 1.40 lakh crore for the ninth consecutive month.

Gross GST revenue collected in November 2022 was Rs 1,45,867 crore, of which CGST was Rs 25,681 crore, SGST was Rs 32,651 crore, IGST was Rs 77,103 crore (including Rs 38,635 crore collected on imported goods), and Cess was Rs 10,433 crore (including ?817 crore collected on imported goods).

The finance ministry said IGST payments of Rs 33,997 crore to CGST and Rs 28,538 crore to SGST were made as part of the regular settlement.