GST COLLECTIONS FOR NOVEMBER 2023 HIT RS 1.68 LAKH CRORE

In November 2023, India gathered Rs 1,67,929 crore in gross GST (Goods and Services Tax) revenue. The breakdown includes Rs 30,420 crore in CGST, Rs 38,226 crore in SGST, Rs 87,009 crore in IGST (which covers Rs 39,198 crore from imported goods), and Rs 12,274 crore in cess (with Rs 1,036 crore from imported goods).

The government allocated Rs 37,878 crore to CGST and Rs 31,557 crore to SGST from IGST. Following regular settlements, the Centre and States amassed Rs 68,297 crore and Rs 69,783 crore, respectively, in November 2023.

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