GST Collection Grows 6% To Surpass Rs 1 lakh Crore In November

INSUBCONTINENT EXCLUSIVE:
November's GST collection was up 8.5 per cent vis-a-vis October and 6 per cent on year-on-year basisThe government's collection of Goods and
Services Tax (GST) stood at Rs 1,03,492 crore last month, official data showed on Sunday
The figure marked the third largest monthly collection of GST since the launch of the new indirect tax regime in July 2017, behind Rs
1,13,865 crore in April and Rs 1,06,577 crore in March
Also, the GST collection came in above the Rs 1 lakh crore mark for the eighth time, the Ministry of Finance said in a press
negative growth, GST revenues witnessed an impressive recovery with a positive growth of 6 per cent in November, 2019 over the November 2018
collection
During the month, the GST collection on domestic transactions witnessed a growth of 12 per cent, which is the highest during the year,"
Finance Ministry said in a press release."The GST collection on imports continued to see negative growth at -13 per cent, but was an
Central GST was Rs 19,592 crore, State GST or SGST was Rs 27,144 crore, Integrated or IGST was Rs 49,028 crore and cess was Rs 7,727 crore,
2019 was Rs 44,742 crore for CGST and Rs 44,576 crore for the SGST.