GST revenue collection for Nov crosses Rs 97,000 cr, down from Oct’s Rs 100,710 cr
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GST revenue collection for Nov crosses Rs 97,000 cr, down from Oct’s Rs 100,710 cr

New Delhi, Dec 1 : The total gross GST revenue collected in November 2018 is Rs 97,637 crore while it was Rs 100,710 crore in October.

The total gross GST revenue was Rs 94,442 crore in September and Rs 93,960 crore in August, according to statement released by Finance ministry on Saturday.

The total gross GST revenue collected in November 2018 is Rs 97,637 crore comprising CGST at Rs 16,812 crore, SGST at Rs 23,070 crore, IGST at Rs. 49,726 crore (including Rs. 24,133 crore collected on imports) and Cess at Rs 8,031 crore(including Rs 842crore collected on imports).

The total number of GSTR 3B Returns filed for October up to November 30 is 69.6 lakh.

The government has settled Rs 18,262 crore to CGST and Rs 15,704 crore to SGST from IGST as regular settlement.

The total revenue earned by Central Government and the State Governments after regular settlement in November 2018 is Rs. 35,073 crore for CGST and Rs. 38,774 crore for the SGST.

A total Rs 11,922 crore has been released to the states as GST compensation for the months of August-September, 2018. (UNI)