Rs. 1,04,963 crore of gross GST Revenue collected in the month of November 2020

The gross GST revenue collected in the month of November 2020 is Rs. 1,04,963 crore (US$ 14.16 billion) of which CGST is Rs. 19,189 crore (US$ 2.59 billion), SGST is Rs. 25,540 crore (US$ 3.45 billion), IGST is Rs. 51,992 crore (US$ 7.02 billion) (including Rs. 22,078 crore (US$ 220.78 billion) collected on import of goods) and Cess is Rs. 8,242 crore (US$ 1.11 billion) (including Rs. 809 crore (US$ 109.17 million) collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 30th November 2020 is 82 lakhs.

The government has settled Rs. 22,293 crore (US$ 3.01 billion) to CGST and Rs. 16,286 crore (US$ 2.20 billion) to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November 2020 is Rs. 41,482 crore (US$ 5.60 billion) for CGST and Rs. 41,826 crore (US$ 5.64 billion) for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 4.9% higher and the revenues from domestic transaction (including import of services) are 0.5% higher that the revenues from these sources during the same month last year.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of November 2020 as compared to November 2019.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.