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₹ 1,31,526 crore gross GST revenue collected in November

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..... ₹ 1,31,526 crore gross GST revenue collected in November - Goods and Services Tax - GST Dated:- 1-12-2021 - News - ₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues in the same month last year and 27% over 2019-20 The gross GST revenue collected in the month of November 2021 is ₹ 1,31,526 crore of which CGST is ₹ 23,978 crore , SGST is ₹ 31,127 crore , IGST is ₹ 66,815 crore (including ₹ 32,165 crore collected on import of goods) and Cess is ₹ 9,606 crore (including S .....

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..... 77; 653 crore collected on import of goods). The government has settled ₹ 27,273 crore to CGST and ₹ 22,655 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 51251 crore for CGST and ₹ 53,782 crore for the SGST. Centre has also released ₹ 17,000 crore to States/UTs towards GST compensation on 03.11.2021. For the second straight month gross GST collection crossed ₹ 1.30 lakh crore. The revenues for the month of November 2021 are 25% higher than the GST revenues in the same month last year and 27% over 2019-20. During the month, revenues from import of goods was 43% higher and the revenues from dom .....

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..... estic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year. The GST revenues for November 2021 have been the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month s collection, which also included the impact of returns required to be filed quarterly. This is very much in line with the trend in economic recovery. 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. Central tax enforcement agencies, along with the State counterparts have detected large tax evasion cases, m .....

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..... ainly cases relating to fake invoices, with the help of various IT tools developed by GSTN that use the return, invoice and e-way bill data to find suspicious taxpayers. 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 the filing of returns over the last few months. The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of November 2021 as compared to November 2020. .....

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..... State-wise growth of GST Revenues during November 2021 [1] State Nov-20 Nov-21 Growth Jammu and Kashmir 360 383 6% Himachal Pradesh 758 762 0% Punjab 1,396 1,845 32% Chandigarh 141 180 27% Uttarakhand 1,286 1,263 -2% Haryana 5,928 6,016 1% Delh .....

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..... i 3,413 4,387 29% Rajasthan 3,130 3,698 18% Uttar Pradesh 5,528 6,636 20% Bihar 970 1,030 6% Sikkim 223 207 -7% Arunachal Pradesh 60 40 -33% Nagaland 30 30 2% Manipur 32 35 11% Mizoram 17 .....

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..... 23 37% Tripura 58 58 -1% Meghalaya 120 152 27% Assam 946 992 5% West Bengal 3,747 4,083 9% Jharkhand 1,907 2,337 23% Odisha 2,528 4,136 64% Chhattisgarh 2,181 2,454 13% Madhya Pradesh 2,493 2,80 .....

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..... 8 13% Gujarat 7,566 9,569 26% Daman and Diu 2 0 -94% Dadra and Nagar Haveli 296 270 -9% Maharashtra 15,001 18,656 24% Karnataka 6,915 9,048 31% Goa 300 518 73% Lakshadweep 0 2 369% Kerala 1,568 2,129 .....

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..... 36% Tamil Nadu 7,084 7,795 10% Puducherry 158 172 9% Andaman and Nicobar Islands 23 24 5% Telangana 3,175 3,931 24% Andhra Pradesh 2,507 2,750 10% Ladakh 9 13 46% Other Territory 79 95 20% Centre Jurisdiction 138 .....

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..... 180 30% Grand Total 82,075 98,708 20% - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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