GST collections for November at 1.68 lakh cr, up 15% YoY
India’s goods and services tax (GST) collections rose 15% in November to Rs 1.68 lakh crore, driven by festive demand and improved compliance.
The collection was lower than Rs 1.72 lakh crore collected last month, the GST collections was highest in April this fiscal at Rs 1.87 lakh crore.
Of the total collections, central GST (CGST) is Rs 30,420 crore, state GST (SGST) is Rs 38,226 crore, Integrated GST (IGST) is Rs 87,009 crore, including Rs 39,198 crore collected on import of goods. During the month, the revenues from domestic transactions (including import of services) are 20% higher than the revenues from these sources during the same month last year