GST collection at Rs 1.31 lakh crore in November, second highest since rollout

The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over November 2019 New Delhi: Goods and Services Tax collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in economic recovery, the finance ministry said on Wednesday. “The gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore and Cess is Rs 9,606 crore,” the ministry said in a statement. The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over November 2019. “The GST revenues for November 2021 have been the second highest ever since 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.