Economy
| 2 months

GST collection in Nov up 11 pc YoY to Rs 1,45,867 Cr

New Delhi: The GST collection registered 11% year-on-year increase to Rs 1,45,867 crore in November 2022, Finance Ministry said on Thursday.

It was Rs 1,31,526 crore in the same period last year.

Out of Rs 1,45,867 crore, CGST was Rs 25,681 crore, SGST Rs 32,651 crore, IGST Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and Cess Rs 10,433 crore (including Rs 817 crore collected on import of goods), a statement from the finance ministry said.

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 was Rs 59678 crore for CGST and Rs 61189 crore for the SGST, the statement said.

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) were 8% higher than the revenues from these sources during the same month last year, the statement added.
UNI