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More Than INR 1 Lakh Crore GST Collection in November 2020

GST Revenue Collection in Nov 2020

The net GST revenue received in November month 2020 is Rs 1,04,963 cr where CGST comprises Rs 19,189 crore, SGST settled Rs 25,540 crore, IGST comprises Rs 51,992 crore along with Rs 22,078 crores received on import of goods and Cess is Rs 8,242crore as well as Rs 809 crores collected on import of goods. Rs 82 lakhs is the sum collected for GSTR 3B returns furnished GST council decided GSTR 3B filing until March 2019 in the 27th meeting. We researched and published some interesting points that why Indian government extended GSTR 3B every time?. in November month up to 30th November 2020.

For CGST Rs 22,293 crore and Rs, 16,286 crores to SGST from IGST as the legitimate settlement is done by the government. The revenue received by central and state government post to normal settlement toward the month of November 2020 is Rs 41,482 crores toward CGST and Rs 41,826 crore concerning the SGST.

Trends in GST Revenues in INR Crore

Trends in GST Revenues in INR Crore

Concern about the recovery of GST revenues due to the gone pandemic. The collected revenues for November 2020 are raised by 1.4% which is more than the GST revenues that have been received in the previous year. There is a rise of 4.9% in the import revenues during the month and the domestic transaction from import of services reported 0.5% more than the same month of last year.

The mentioned chart below indicates the net monthly GST revenues in the current year. The displayed statistics of GST collection for every state in November 2020 with respect to November 2019 is shown in Table.

Download & View State-wise GST Collection in Crores

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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