GST collection increases to Rs 1.70 lakh crore in November

India’s Gross Goods and Services tax (GST) collections reached Rs 1,70,276 crore in November, up 0.7 per cent year-on-year, driven by lower rates and overall policy reforms, the official data showed on Monday.

Total net GST revenue was up 1.3 per cent at Rs 1.52 lakh crore last month. Notably, import-related IGST



went up 10.2 per cent to Rs 45,976 crore, taking total gross GST revenue to Rs 1,70,276 crore, up 0.7 per cent from November last year.

Net collections from exports and imports grew 11.6 per cent to Rs 36,521 crore. Total net GST revenue for the April-November period this fiscal went up 7.3 per cent to Rs 12.79 lakh crore.