Home Business GST (tax) revenue grew 11% to Rs 1.46 lakh crore in November

GST (tax) revenue grew 11% to Rs 1.46 lakh crore in November

The gross GST revenue for the month of November 2022 is Rs 1,45,867 crore. (File)

New Delhi:

The Finance Ministry today said GST revenue in November grew by 11 per cent to about Rs 1.46 lakh crore over the same period a year ago.

This is the ninth consecutive month when the collection from the Goods and Services Tax (GST) has been above Rs 1.40 lakh crore.

Gross GST revenue for the month of November 2022 is Rs 1,45,867 crore, of which Central GST is Rs 25,681 crore, State GST Rs 32,651 crore, Integrated GST Rs 77,103 crore (including Rs 38,635 crore collected on import of goods). And the cess is Rs 10,433 crore (including Rs 817 crore collected on import of goods).

“The revenue for the month of November 2022 is 11 per cent higher than the GST revenue in the same month last year, which itself was Rs 1,31,526 crore,” the ministry said in a statement.

During the month, revenue from import of goods was 20 per cent higher and revenue from domestic transactions (including import of services) was 8 per cent higher than the revenue from these sources during the same month last year.

In April, the revenue from GST had touched a record level of about Rs 1.68 lakh crore. The second highest collection was Rs 1.52 lakh crore in October.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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