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GST collection crosses Rs 1 lakh crore in November

By TIOL News Service

NEW DELHI, DEC 01, 2020: THE gross GST revenue collected in the month of November stood at Rs 1,04,963 crore, which is 1.4% higher than the sum collected in the same month last year, said the Ministry of Finance (MoF) today.

Of this, Central GST (CGST) was Rs 19,189 crore, State GST (SGST) was Rs 25,540 crore, and Integrated GST (IGST) was Rs 51,992 crore, which included Rs 22,078 crore collected on import of goods and Rs 8,242 crore in cess.

A total 82 lakh GSTR-3B returns were filed in the month till 30 November 2020.

The government settled Rs 22,293 crore to CGST and Rs 16,286 crore to SGST from IGST as regular settlement. The total revenue earned by the central and state governments after that was Rs 41,482 crore for CGST and Rs 41,826 crore for SGST.

The finance ministry said during the month, revenues from import of goods was 4.9% higher and the revenues from domestic transaction (including import of services) was 0.5% higher than the revenues from November 2019.


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