Newdelhi:1/12/23:The gross Goods and Services Tax, GST revenue collection in the month of November this year stood at around one lakh 68 thousand crore rupees. The revenue for the month of November is 15 per cent higher than the GST revenue in the same month of last year and the highest for any month year-on-year during this financial year.
Finance Ministry in a statement said that out of the total GST revenue collected in November, Central Goods and Services Tax, CGST collection is 30 thousand 420 crore rupees, State Goods and Services Tax, SGST is 38 thousand 226 crore rupees, Integrated Goods and Services Tax, IGST is around 87 thousand crore rupees and and cess is 12 thousand 274 crore rupees. The Ministry added that it is for the sixth time that the gross GST collection has crossed 1.60 lakh crore rupees mark in Financial Year 2023-24. The Ministry further added that GST collection is also higher by 11.9 per cent year on year for Financial Year 2023-24 upto November this year.