• Notification Date: 05-12-2022
• Notification No: N/A

Rs.1,45,867 Crore Gross GST Revenue collected for November 2022

According to the information provided by finance ministry, the Goods and Services Tax (GST) collections for the month of November 2022 amounts to Rs 1,45,867 crore. The revenue for the month of November is 11% higher than the GST revenue in the same month last year. The GST revenue collected in November 2021 was Rs 1,31,526 crore. This is the ninth month when collections from GST have remained above Rs 1.40 lakh crore. 

The gross GST revenue collected in November 2022 came in at Rs 1,45,867 crore. Out of the total amount, CGST is Rs 25,681 crore, SGST is Rs 32,651 crore, IGST is Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and Cess is ₹10,433 crore (including Rs 817 crore collected on import of goods). The government has settled Rs 33,997 crore to CGST and Rs 28,538 crore to SGST from IGST as regular settlement. 

The total revenue of the Centre and the state after regular settlements in the month of November 2022 is Rs 59678 crore for CGST and Rs 61189 crore for SGST. The central government also released Rs 17,000 crore as GST compensation to States/UTs in November 2022. 

Revenues from the import of goods in November 2022 were 20% higher and the revenues from the domestic transaction (including the import of services) are 8% higher than the revenues from these sources in November 2021. 

The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on 17 December.