New Delhi, Dec 2 (KNN) India’s Goods and Services Tax (GST) collections rose 6% to Rs 1.03 lakh crore in November, as compared to previous month.

The GST collection stood at Rs 97,637 crore in the same month last year while revenue collection under this head was Rs 95,380 crore in October.

After two months of negative growth, GST revenues witnessed an impressive recovery with a positive growth of 6 per cent in November 2019 over November 2018 collections, an official statement said.

During the month, the GST collection on domestic transactions witnessed a growth of 12 per cent, the highest during the year, it, said.

"Of gross Rs 1,03,492 crore in November, CGST is Rs 19,592 crore, SGST is Rs 27,144 crore, IGST is 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)," it said.

''The government has settled Rs 25,150 crore to CGST and Rs 17,431 crore 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, 2019 is Rs 44,742 crore for CGST and Rs 44,576 crore for the SGST," the statement further said.

The statement further said that 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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