Goods and Services Tax (GST) collections have jumped 15 per cent to over Rs 1.67 lakh crore in November, the Finance Ministry knowledgeable on Friday. GST mop-up was over Rs 1.45 lakh crore in November 2022.
“The gross GST revenue collected in the month of November 2023 is Rs 1,67,929 crore, out of which CGST is Rs 30,420 crore, SGST is Rs 38,226 crore, IGST is Rs 87,009 crore (including Rs 39,198 crore collected on import of goods) and cess is Rs 12,274 crore (including Rs 1,036 crore collected on import of goods),” the ministry stated in an announcement.
The November 2023 collections are, nevertheless, decrease than Rs 1.72 lakh crore mopped up in October — the second-highest collection ever because the GST rollout.
Revenues for November 2023 are 15 per cent larger than the GST revenues in the identical month final 12 months and the best for any month year-on-year throughout 2023-24, as much as November 2023, the ministry stated.
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