November GST collection up 11% YoY to 1.46 lakh crore

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New Delhi : India’s gross GST revenue collection slipped by 4 percent to 1,45,867 crore, as against Rs. 151,718 crore in October 2022. However, it is 11 percent higher than the GST revenues in November 2021, which was Rs. 1.31,526 crore.

Out of the Rs. 1.45,867 crore collected in November, CGST is Rs. 25,681 crore, SGST is Rs. 32,651 crore, IGST is Rs. 77,103 crore (including Rs. 38,635 crore collected on import of goods) and Cess is ₹10,433 crore (including Rs. 817 crore collected on import of goods)

The government has settled Rs. 33,997 crore to CGST and Rs. 28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2022 is Rs. 59678 crore for CGST and Rs. 61189 crore for the SGST. In addition, Centre had also released Rs. 17,000 crore as GST compensation to States/UTs in November 2022.

During the month, revenues from import of goods was 20% higher and the revenues from domestic transaction (including import of services) are 8% higher than the revenues from these sources during the same month last year.

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