: November GST collections stood at Rs 1.05 lakh cr #FinanceIndia #StockMarketNEWS November GST collections stood at Rs 1.05 lakh cr New Delhi, Dec 2 (KNN) Goods and Services Tax (GST) revenue collected

@StockMarketNEWS Wed 02 Dec, 2020

Posted in: #FinanceIndia #StockMarketNEWS

November GST collections stood at Rs 1.05 lakh cr #FinanceIndia #StockMarketNEWS
November GST collections stood at Rs 1.05 lakh cr New Delhi, Dec 2 (KNN) Goods and Services Tax (GST) revenue collected in November remained above the Rs 1-lakh-crore-mark for the second consecutive month as consumption picked up amid the festive season.

The gross GST revenue collected in the month of November, 2020 is Rs 1, 04,963 crore of which Central Goods and Services Tax (CGST) is Rs 19,189 crore, State Goods and Service Tax (SGST) is Rs 25,540 crore, Integrated Goods and Services Tax (IGST) is Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and cess is Rs 8,242 crore (including Rs 809 crore collected on import of goods)," said Ministry of Finance on Tuesday.

The total number of GSTR-3B Returns filed for the month of November up to 30th November 2020 is 82 lakhs, it added.

The government has settled Rs 22,293 crore to CGST and Rs 16,286 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 2020 is Rs 41,482 crore for CGST and Rs 41,826 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4 per cent higher than the GST revenues in the same month last year, the statement added.

During the month, revenues from import of goods was 4.9 per cent higher and the revenues from domestic transactions (including import of services) are 0.5 per cent higher that the revenues from these sources during the same month last year.

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