Economy Update : Over Rs 1.04 lakh Cr of gross GST revenue collected in Nov

New Delhi, Dec 1 : The gross Goods and Services Tax (GST) revenue collected in the month of November is over Rs 1.04 lakh crore, the Ministry of Finance said here on Tuesday.

The gross GST revenue collected in the month of November is Rs 1,04,963 crore of which CGST is Rs 19,189 crore, SGST is Rs 25,540 crore, IGST is Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and Cess is Rs 8,242 crore (including Rs 809 crore collected on import of goods), the Ministry said in a statement.

The total number of GSTR-3B Returns filed for the month of November up to November 30 is 82 lakhs.

The government has settled Rs 22,293 crore to CGST and Rs 16,286 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November is Rs 41,482 crore for CGST and Rs 41,826 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November are 1.4 per cent higher than the GST revenues in the same month last year.

During the month, revenues from import of goods was 4.9 per cent higher and the revenues from domestic transaction (including import of services) are 0.5 per cent higher that the revenues from these sources during the same month last year.

UNI

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