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Rs 1,03,492 cr. GST collection for November, 2019

Rs 1,03,492 cr. GST collection for November, 2019

 

New Delhi, Dec 1 (TPE Correspondent): The gross GST revenue collected in the month of November, 2019 is Rs 1,03,492 crore, said the ministry official.

The official further said that out of which CGST is Rs 19,592crore, SGST is Rs 27,144crore, IGST is Rs 49,028crore (including Rs 20,948crore collected on imports) and Cess is Rs7,727 crore (including Rs 869 crore collected on imports). The total number of GSTR 3B Returns filed for the month of Octoberup to 30th November, 2019 is 77.83 lakh.

The government has settled Rs 25,150 cr. to CGST and Rs 17,431crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November, 2019 is Rs 44,742 crore for CGST and Rs 44,576 crore for the SGST.

After two months of negative growth, GST revenues witnessed an impressive recovery with a positive growth of six percent in November this year in comparison to the November, 2018 collections. During the month, the GST collection on domestic transactions witnessed a growth of 12%, highest during the year.

The GST collection on imports continued to see negative growth at (-)13%, but was an improvement over last month’s growth of (-)20%.This is the eighth time since the inception of GST in July 2017 that monthly collection has crossed the mark of Rs one lakh crore. Also, November 2019 collection is the third highest monthly collection since introduction of GST, next only to April 2019 and March 2019 collections, the Ministry said.

 

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