GST collections rose 15 percent to nearly Rs 1.68 trillion in November, the Finance Ministry said on Friday.
Goods and Services Tax (GST) clearance amounted to over Rs 1.45 trillion by November 2022.
“The gross GST revenue collected in the month of November 2023 is Rs 1,67,929 crore, 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 the tax is Rs 12,274 crore (including Rs 1,036 crore collected on import of goods),” the ministry said in a statement.
However, the November 2023 collections are lower than the Rs 1.72 trillion collected in October – the second highest collection since the GST rollout.
The revenue for November 2023 is 15 percent higher than the GST revenue in the same month last year and the highest among all months on an annual basis during the period 2023-24, up to November 2023, the ministry said.
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