GST collection in Nov. crosses Rs.1 trillion mark


   Goods and Services  Tax (GST) revenue collection crossed the Rs. 1 trillion mark after a gap of three months in November with the revenue growing by 6% to Rs. 1.03 trillion in the month.
    The positive growth, a possible sign of recovery, has come after two months of negative growth.
    As per a release from the government, the gross GST collection for November stood at  Rs. 1,03,492 crore, wherein CGST was Rs. 19,592 crore, SGST was Rs. 27,144 crore and IGST was Rs. 49,028 crore (including Rs. 20,948 crore collected on imports) and Cess is Rs. 7,727 crore (including Rs. 869 crore collected on imports).
    During the month, GST collection on domestic transactions witnessed a growth of 12%, the highest during the year. The collection on imports continued to see negative growth at (-)13%. it added.
    This is the eighth time since the roll-out of GST in July 2017 that monthly collection has crossed the mark of Rs 1. trillion. Also, November 2019 collection is the third-highest monthly collection since the introduction of GST, next only to April 2019 and March 2019 collections.

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