GST collections in November cross Rs 1.3 lakh crore, second highest ever

GST collections in November cross Rs 1.3 lakh crore, second highest ever

FILE PIC

GST revenues for November this year have been the second highest ever since introduction of GST. The gross GST revenue collected in November this year is 1 lakh 31 thousand 526 crore rupees. For the second straight month Gross GST collection has crossed 1 lakh 30 thousand crore rupees. The revenues for November this year are 25percent  higher than the GST

revenues in the same month last year and 27 percent  over 2019-20.

During the month, revenues from import of goods was 43percent  higher as compared to November last year. Revenues from domestic transaction, including import of services are 20percent  higher than the same month last year.

Finance Ministry has said that the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. It added that a large number of initiatives undertaken in the last one year like enhancement of system capacity, nudging non-filers after last date of filing of returns, auto-population of returns, blocking of e-way bills and passing of input tax credit for non-filers has led to consistent improvement in filing of returns.