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November GST collection a tad below Rs 1.5 lakh crore; rises 11% on-year, but slips from previous month

GST
November GST collection a tad below Rs 1.5 lakh crore; rises 11% on-year, but slips from previous month

  • Dec 02, 2022

  • The GST collection in November clocked in above Rs 1.4 lakh crore for the ninth month in a row, at Rs 1.46 lakh crore. The November collection rose 11% on-year, but slipped a little from the Rs 1.52 lakh crore in the previous month of October. India’s November GST revenue comprises CGST of Rs 25,681 crore, SGST of Rs 32,651 crore and IGST of Rs 77,103 crore, out of which Rs 38,635 crore was levied on the import of goods. Cess amounted to Rs 10,433 crore. Import revenue is 20% higher than the corresponding month the previous year, while revenues from domestic transactions is up 8% on-year.

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