Increased consumer spending helps GST rise by 11% in November

0
146

The collections from Goods and Services Tax (GST) grew by 11 per cent to about Rs 1.46 lakh crore in November on increased consumer spending and better compliance. This is the ninth month in a row that the revenues have remained above the Rs 1.4 lakh crore mark.

However, the collection in November was the lowest since August. In October, GST collections had touched the second-highest level of Rs 1.52 lakh crore on festive spending. The gross GST revenue collected in the month of November 2022 is Rs 1,45,867 crore of which Central GST is Rs 25,681 crore, State GST is Rs 32,651 crore, Integrated GST is Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and cess is Rs 10,433 crore (including Rs 817 crore collected on import of goods).

LEAVE A REPLY

Please enter your comment!
Please enter your name here