Gross GST revenue collection in November reached an impressive £1.30 lakh crore, marking a significant 25% rise compared to the same period last year. This figure represents the second-highest collection since the Goods and Services Tax was implemented, reflecting a strong economic recovery. The growth is attributed to improved compliance, enhanced tax enforcement, and various administrative measures aimed at streamlining the tax system.
Rs 1,31,526 crore gross GST revenue collected in November
GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST
Revenues for the month of November 2021, 25% higher than the GST revenues in the same month last year and 27% over 2019-20
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
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited News Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience. 07941056694
FAQ :
The gross GST revenue collected in November 2021 was £1,31,526 crore.
GST revenues for November 2021 were 25% higher than in November 2020.
It was the second-highest GST collection ever recorded, surpassed only by April 2021.
The increase is due to improved compliance, enhanced tax enforcement using IT tools, and administrative measures like auto-population of returns and blocking of e-way bills for non-filers.
Revenues from the import of goods were 43% higher, while revenues from domestic transactions were 20% higher compared to the same month last year.