GST Collection At Rs 1.03 Lakh Crore In November: Finance Ministry

INSUBCONTINENT EXCLUSIVE:
The total number of GSTR 3B Returns filed for the month of October stood at 77.83 lakh.The Goods and Services Tax (GST) collection stood at
Rs 1,03,492 crore in the month of November, the government said on Sunday
This was the eighth time since the launch of GST in July 2017 that monthly collection crossed the Rs 1 lakh crore mark
Also, this was the third highest monthly collection since the introduction of GST, government data showed
In April this year, the GST collection was recorded Rs 1,13,865 crore and in March, it was Rs 1,06,577 crore.Of gross Rs 1,03,492 crore in
official statement said.During the month of November, the GST collection on domestic transactions witnessed a growth of 12 per cent, highest
during the year.GST collection on imports shrank 13 per cent, but marked an improvement over the previous month when it had contracted 20
per cent.The total number of GSTR 3B Returns filed for the month of October stood at 77.83 lakh, it said.The government settled Rs 25,150
crore to CGST and Rs 17,431 crore to SGST from IGST as regular settlement.Total revenue earned by central and state governments after
regular settlement came in at Rs 44,742 crore and Rs 44,576 crore respectively.