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At Rs 1.31 trn, India's Nov GST collection second-highest in a month yet

The finance ministry said the April figures were linked to year-end revenues

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IGST included Rs 32,165 crore from import of goods, and cess included Rs 653 crore from inbound shipments

4 min read Last Updated : Dec 02 2021 | 1:13 AM IST

Goods and services tax (GST) collection grew about 25 per cent year-on-year to Rs 1.31 trillion in November, the second-highest mop-up ever, the official data showed on Wednesday, giving experts confidence that GST receipts would surpass the Budget projections for 2021-22. The highest collection was recorded in April this year, at Rs 1.40 trillion.

Even as e-way bills generated in October were at a record high of 73.5 million, the collection in November trailed the April figures. Transactions in a month yield GST collection in the following month. In March, 71.2 million e-way bills were generated. The finance ministry said the

Topics : Coronavirus Goods and Services Tax GST GST collection Finance Ministry Indian Economy

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