GST collection rises by 8.5% in November
Gross GST collections grew by 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in the same month a year ago.
The Central GST collection stood at Rs 34,141 crore, state GST at Rs 43,047 crore, integrated IGST at Rs 91,828 crore and cess at Rs 13,253 crore, according to government data released on Sunday. In October, GST collections of Rs 1.87 lakh crore were the second-best GST mop-up. The highest-ever collection was recorded in April 2024 at over Rs 2.10 lakh crore.
During the month under review, GST from domestic transactions grew 9.4 per cent to Rs 1.40 lakh crore, while revenues from tax on imports rose about six per cent to Rs 42,591 crore. Refunds worth Rs 19,259 crore were also issued during the month. After adjusting refunds, net GST collection increased by 11 per cent to Rs 1.63 lakh crore.
