IANS | 01 Dec, 2023
The country’s gross GST revenue went up by 15 per cent to touch an
8-month high of Rs 1,67,929 crore mark in November, according to data
released by the Finance Ministry on Friday.
This is the highest
GST collected for any month year-on-year during 2023-24 so far. During
the month, the revenues from domestic transactions (including import of
services) are 20 per cent higher than the revenues from these sources
during the same month last year.
This is the sixth time that the
gross GST collection has crossed Rs 1.60 lakh crore mark in 2023-24. The
gross GST collection for the FY 2023-24 ending November, 2023 works out
to Rs 13,32,440 crore, averaging Rs 1.66 lakh per month. This is 11.9
per cent higher than the gross GST collection for the FY 2022-23 ending
November, 2022.
The government has settled Rs 37,878 crore to CGST
and Rs b31,557 crore to SGST from IGST. The total revenue of Centre and
the States in the month of November 2023 after regular settlement is Rs
68,297 crore for CGST and Rs 69,783 crore for the SGST.
