City
Epaper

Nov GST collection rises to over Rs 1.31 lakh Cr

By IANS | Updated: December 1, 2021 13:30 IST

New Delhi, Dec 1 India's GST collection rose on both sequential and year-on-year basis in November.Accordingly, the ...

Open in App

New Delhi, Dec 1 India's GST collection rose on both sequential and year-on-year basis in November.

Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month.

This was the second straight month when the gross GST collection crossed Rs 1.30 lakh crore.

Besides, the GST revenue for November 2021 was 25 per cent higher than the corresponding period of last year and 27 per cent over the like month of 2019-20.

As per the Ministry of Finance, out of the total gross collection, CGST's share was Rs 23,978 crore, SGST was Rs 31,127 crore, IGST about Rs 66,815 crore and Cess was Rs 9,606 crore.

"The GST revenues for November 2021 have been the second highest ever since the 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.

"This is very much in line with the trend in economic recovery."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: CGSTindiaNew DelhiMinistry Of FinanceThe new delhi municipal councilDelhi south-westIsraeli finance ministryIndiUk-indiaRepublic of indiaFinance ministry of india
Open in App

Related Stories

OpinionsWhy is Trump So Upset with India?

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

NationalRaksha Bandhan 2025: Now You Can Send a Rakhi to Your Brother in India Post's Waterproof Envelope — Here's How to Track Your Parcel

NationalGold in Dubai Cheaper Than India: Pricing, Rules, and Import Limits Explained

NationalIndia Spends ₹1.38 Lakh Crore Annually on Edible Oil Imports

International Realted Stories

InternationalIndia and Philippines friends by choice, partners by destiny: PM Modi

InternationalIndia, Philippines conduct first bilateral maritime exercise, strengthen naval ties

InternationalSouth Korea: Special counsel to question Assembly speaker as witness in martial law probe

InternationalCanada conducts first humanitarian airdrop in Gaza

InternationalPoJK Doctor barred from leaving Pakistan, sparks outcry over rights violations