SME Times News Bureau | 02 Dec, 2019
The government collected Rs 1.03 lakh crore in goods and
services tax (GST) in the month of November, up 6 per cent over the same month
The positive growth, a possible sign of recovery, has come after two months of
During the month of November, the GST collection on domestic transactions
witnessed a growth of 12 per cent, highest during the year. The GST collection
on imports continued to see negative growth at (-)13 per cent.
"The gross GST revenue collected in the month of November, 2019 is Rs
1,03,492 crore of which CGST is Rs 19,592 crore, SGST is Rs 27,144 crore, IGST
is Rs 49,028 crore (including Rs 20,948 crore collected on imports) and cess is
Rs 7,727 crore (including Rs 869 crore collected on imports)," a Finance
Ministry statement said.
The total number of GSTR 3B Returns, summary monthly returns, filed for the
month of October up to November 30, 2019 was 77.83 lakh.
"The government has settled Rs 25,150 crore to CGST and Rs 17,431 crore to
SGST from IGST as regular settlement. The total revenue earned by Central
Government and the State Governments after regular settlement in the month of
November, 2019 is Rs 44,742 crore for CGST and Rs 44,576 crore for the
SGST," the Finance Ministry said.
This is the eighth time since the roll-out of GST in July, 2017 that monthly
collection has crossed the mark of Rs 1 lakh crore. Also, November 2019
collection is the third highest monthly collection since introduction of GST,
next only to April 2019 and March 2019 collections.
"Crossing Rs 1 trillion (Rs 1 lakh crore) in a festive month after a few
months of tepid collections would act as sentiment-booster and help in keeping
the fiscal deficit under control- hoping that this trend continues in the coming
months," said MS Mani, Partner, Deloitte India.