Government mops up Rs 1,31,526 crore in GST collections for November

Collections are very much in line with the broader trend in economic recovery, the government said.

Good Service Tax (GST) concept with finanical elements.

Government of India collected Rs 1,31,526 crore in Goods and Service Tax (GST) for the month of November, the second highest ever since rollout, as compared to highest ever collected in month of April 2021 over Rs 1.40 lakh crore.

The CGST component accounted for Rs 23,978 crore, SGST Rs 31,127 crore, IGST Rs 66,815 crore which includes Rs 32,165 crore on import of goods and cess Rs 9,606 crore.

November happened to be the second straight month in which gross GST collection crossed Rs 1.30 lakh crore.

“The GST revenues for November 2021 have been the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month’s collection, which also included the impact of returns required to be filed quarterly,” the ministry said.

Collections are very much in line with the broader trend in economic recovery, the government said.