Goods and Services Tax (GST) revenue for November 2023 has reached an impressive Rs 1,67,929 crore, representing a significant 15% year-on-year growth. This marks the sixth time in the current fiscal year that gross GST collections have surpassed the Rs 1.60 lakh crore milestone. Overall GST collection for FY 2023-24 up to November is 11.9% higher than the previous year.
GST Revenue collection for November 2023, at Rs 1,67,929 lakh crore records highest growth rate of 15% Y-o-Y
Gross GST collection crosses Rs 1.60 lakh crore mark for the sixth time in FY 2023-24 GST collection higher by 11.9% Y-o-Y for FY2023-24 upto November, 2023
The gross GST revenue collected in the month of November, 2023 is Rs 1,67,929 crore out of which CGST is Rs 30,420 crore, SGST is Rs 38,226 crore, IGST is Rs 87,009 crore (including Rs 39,198 crore collected on import of goods)
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FAQ :
The total GST collection in November 2023 was Rs 1,67,929 crore.
The GST collection in November 2023 was 15% higher than in November 2022.
The gross GST collection has crossed the Rs 1.60 lakh crore mark six times in FY 2023-24.
The gross GST collection for FY 2023-24 up to November 2023 was 11.9% higher than the same period in FY 2022-23.
The total GST collection comprises CGST (Central GST), SGST (State GST), IGST (Integrated GST), and Cess.