GST collections stood at Rs 1,03,492 crore in the month of November

Monthly collection has crossed the mark of Rs 1 lakh crore

GST collections stood at Rs 1,03,492 crore in the month of November
Representation image

GST or goods and services tax collections stood at Rs 1,03,492 crore in the month of November, the government said on Sunday. This is the eighth time since the inception of GST in July 2017 that monthly collection has crossed the mark of Rs 1 lakh crore. Also, November 2019 collection is the third highest monthly collection since introduction of GST, next only to April 2019 and March 2019 collections, the Finance Ministry said.

Of gross Rs 1,03,492 crore in November, CGST is Rs 19,592 crore, SGST is Rs 27,144 crore, IGST is Rs 49,028 crore (including Rs 20,948 crore collected on imports) and Cess is Rs 7,727 crore (including Rs 869 crore collected on imports), an official statement said. 

Courtesy : NDTV Profit