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GST revenue rose 11% to ₹1.46 lakh crore in November: Ministry of Finance

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GST income increased by 11 percent to about ₹1.46 lakh crore in November from the same period a year ago, the Ministry of Finance said Thursday. This is the ninth consecutive month in which collections of Goods and services tax (GST) has remained above ₹1.40 lakh crore.



The gross GST revenue collected in the month of November 2022 is Rs 1,45,867 crore, of which Central GST is ₹25,681 crore, state GST is ₹32,651 crore, integrated GST is ₹77,103 crore (including Rs 38,635 crore collected on importation of goods) and cess is Rs 10,433 crore (including Rs 817 crore collected on importation of goods).

“Revenues for the month of November 2022 are 11 percent higher than GST revenues in the same month last year, which itself amounted to ₹1,31,526 crore,” the ministry said in a statement.

During the month, revenues from imports of goods were 20 percent higher and revenues from domestic transactions (including imports of services) are 8 percent higher than revenues from these sources in the same month last year.

GST revenue reached a record of around ₹1.68 lakh crore in April. The second highest collection was ₹1.52 lakh crore in October.

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