GST revenues rose by 11 per cent to about Rs 1.46 lakh crore in November over the year-ago interval, the Finance Ministry stated on Thursday.
This is the ninth straight month when collections from Goods and Services Tax (GST) has remained above Rs 1.40 lakh crore.
The gross GST income collected in the month of November 2022 is Rs 1,45,867 crore of which Central GST is Rs 25,681 crore, State GST is Rs 32,651 crore, Integrated GST is Rs 77,103 crore (together with Rs 38,635 crore collected on import of products) and cess is Rs 10,433 crore (together with Rs 817 crore collected on import of products).
“The revenues for the month of November 2022 are 11 per cent larger than the GST revenues in the identical month final 12 months, which itself was Rs 1,31,526 crore,” the ministry stated in an announcement.
During the month, revenues from the import of products had been 20 per cent larger and the revenues from home transaction (together with import of providers) are 8 per cent larger than the revenues from these sources throughout the identical month final 12 months.
Revenues from GST had touched a report of about Rs 1.68 lakh crore in April.
The second highest assortment was Rs 1.52 lakh crore in October.