Quick Summary
India's GST revenue for November 2024 recorded a significant growth of 8.5% compared to November 2023, reaching a total of ₹1,82,269 crore. This steady rise underscores robust economic activity and improved compliance under the indirect tax regime. Key Highlights of November 2024 GST Revenue Gross Revenue: CGST: ₹34,141 crore (up from ₹30,420 crore in November 2023) SGST: ₹43,047 crore (up from ₹38,226 crore) IGST: ₹91,828 crore, including ₹41,736 crore collected on imports. Cess: ₹13,
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FAQ :
The total GST collection in November 2024 reached a record ₹1,82,269 crore.
GST collection in November 2024 grew by 8.5% compared to November 2023.
Sikkim led growth with a 52% increase, and Lakshadweep saw a remarkable 1,120% rise, largely due to infrastructure development.
Net domestic GST revenue surged by 12.5% in November 2024.
Domestic refunds dropped by 19.6% to ₹10,111 crore, while export refunds grew by 6.8% to ₹9,147 crore.
From April to November 2024, cumulative gross GST collections stood at ₹14,56,711 crore, an increase of 9.3% year-on-year.
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