GST collection rises by 8.5 pc to Rs 1.82 lakh cr in Nov

Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions.

The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore and cess at Rs 13,253 crore, according to government data released on Sunday.

The total gross Goods and Services Tax (GST) revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in the same month a year ago, it said.

In October, GST collections of Rs 1.87 lakh crore were the second-best GST mop-up with 9 per cent annual growth. The highest-ever collection was in April 2024 at over Rs 2.10 lakh crore.

During the month under review, GST from domestic transactions grew 9.4 per cent to Rs 1.40 lakh crore, while revenues from tax on imports rose about 6 per cent to Rs 42,591 crore.

Refunds worth Rs 19,259 crore were issued during the month, registering 8.9 per cent decline over the year-ago period.

After adjusting refunds, net GST collection increased by 11 per cent to Rs 1.63 lakh crore. PTI DP MR

  • Related Posts

    Delhi HC Stays FSSAI Ban on Dabur’s ‘100% Pure’ Products, Says Company Should Have Been Heard First

    New Delhi: The Delhi High Court on Friday stayed the operation of the Food Safety and Standards Authority of India’s (FSSAI) August 3 order directing FMCG major Dabur India Ltd to immediately stop the sale of several food products carrying claims such as “100% Pure”, “100% Natura Read More

    RBI To Roll Out India’s First Polymer Rs 10, Rs 20 Currency Notes at Start of Next Financial Year

    New Delhi: The Reserve Bank of India (RBI) is set to introduce India’s first polymer, or “plastic”, currency notes at the beginning of financial year 2028, with Rs 10 and Rs 20 denominations leading the pilot rollout.The move marks a major shift in India’s currency management str Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *