GST collection in November tops Rs 1.30 lakh crore, 2nd highest since roll out

GST collection in November stood at Rs 1.31 lakh crore, indicating economy recovery.  

New Delhi: Goods and Services Tax (GST) collection in November grew 25 per cent to Rs 1.31 lakh crore -- second highest since its implementation -- indicating economic recovery with normalisation of business activity and increased compliance, a finance ministry statement said on Wednesday.

This is the fifth month in a row that the revenues from goods sold and services rendered was over Rs 1 lakh crore.

"The gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore (including Rs 32,165 crore collected on import of goods) and Cess is Rs 9,606 crore (including Rs 653 crore collected on import of goods)," the statement said.