GST collections crossed the Rs 1 lakh crore mark after a gap of three months in November, growing by 6 percent to Rs 1.03 lakh crore aided by festival demand.
The GST collection stood at Rs 97,637 crore in the same month last year while revenue collection under this head was Rs 95,380 crore in October.
“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),” it said.
After July this year, when GST collection was Rs 1,02,083 crore, it crossed Rs 1 lakh crore in November.
The government has settled Rs 25,150 crore to CGST and Rs 17,431 crore to SGST from IGST as regular settlement, it added. | To read full story, visit https://startuparound.com/read/1575199806.5362504/GST-revenue-grows-6pc-to-cross-Rs-1-lakh-crore-in-November?ref=audio_experience