New Delhi, Dec 4 (LAB) The gross GST revenue collected in the month of November 2022 is ₹ 1,45,867 crore of which CGST is ₹ 25,681 crore, SGST is ₹ 32,651 crore, IGST is ₹ 77,103 crore (including ₹ 38,635 crores collected on import of goods) and Cess is ₹ 10,433 crore (including ₹ 817 crores collected on import of goods).
Revenues from the import of goods were 20% higher and revenues from the domestic transaction (including import of services) 8% higher than the same month last year monthly GST revenues of more than ₹1.4 lakh crore for nine straight months in a row
GST Collections grows at 11% Year-on-Year at Rs. 1,45,867 in November 2022
₹1,45,867 crore gross GST revenue collected for November 2022, records an increase of 11% Year-on-Year
The government has settled ₹33,997 crores to CGST and ₹28,538 crores to SGST from IGST as regular settlement. The total revenue of the Centre and the States after traditional settlements in the month of November 2022 is ₹59678 crore for CGST and ₹61189 crores for the SGST. In addition, the Centre released ₹17,000 crores as GST compensation to States/UTs in November 2022.
In a press release issued by the PhD Chamber of Commerce, The revenues for the month of November 2022 were 11% higher than the GST revenues in the same month last year, which itself was Rs. 1.31,526 crore. During the month, revenues from the import of goods were 20% higher and the revenues from domestic transactions (including the import of services) were 8% higher than the revenues from these sources during the same month last year./LAB/SNG/