The gross GST revenue collected in November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore (including Rs 32,165 crore collected on import of goods) and Cess is Rs 9,606 crore (including Rs 653 crore collected on import of goods), as per PIB report.
According to the report, the government has settled Rs 27,273 crore to CGST and Rs 22,655 crore to SGST from IGST as a regular settlement. The total revenue of the Centre and the States after regular settlements in November 2021 is Rs 51251 crore for CGST and Rs 53,782 crore for the SGST.
Centre has also released Rs 17,000 crore to States/UTs towards GST compensation on 3 November.
For the second straight month, gross GST collection crossed Rs 1.30 lakh crore. The revenues for November 2021 are 25 per cent higher than the GST revenues in the same month last year and 27 per cent over 2019-20.
During the month, revenues from import of goods was 43 per cent higher and the revenues from the domestic transaction (including import of services) are 20 per cent higher than the revenues from these sources during the same month last year, the report added.