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GST revenue collection for November, 2019 crosses 1 lakh crore

Rs 103492 crore gross GST revenue collected in the month of November, 2019.

After two months of negative growth, GST revenues witnessed an impressive recovery with a positive growth of 6% in November, 2019 over the November, 2018 collections. During the month, the GST collection on domestic transactions witnessed a growth of 12%, highest during the year. The GST collection on imports continued to see negative growth at (-)13%, but was an improvement over last month’s growth of (-)20%.This is the eighth time since the inception of GST in July 2017 that monthly collection has crossed the mark of Rs one 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.

Courtesy: AOJ

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