₹1.31 lakh crore Gross GST Revenue in November

·         GST Collection for November,2021 Surpassed Last Month Collection registering the Second Highest since Implementation of GST

·         Revenues for the month of November 2021, 25% higher than the GST Revenues in the same month last year and 27% over 2019-20

The gross GST revenue collected in the month of November 2021 is ₹ 1,31,526 crore of which CGST is ₹ 23,978 crore, SGST is ₹ 31,127 crore, IGST is ₹ 66,815 crore (including ₹ 32,165 crore collected on import of goods) and Cess is ₹ 9,606 crore (including ₹ 653 crore collected on import of goods).

The government has settled ₹ 27,273 crore to CGST and ₹ 22,655 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 51251 crore for CGST and ₹ 53,782 crore for the SGST. Centre has also released ₹ 17,000 crore to States/UTs towards GST compensation on 03.11.2021.

For the second straight month gross GST collection crossed ₹ 1.30 lakh crore. The revenues for the month of November 2021 are 25% higher than the GST revenues in the same month last year and 27% over 2019-20. During the month, revenues from import of goods was 43% higher and the revenues from domestic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year.

The GST revenues for November 2021 have been the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month’s collection, which also included the impact of returns required to be filed quarterly. This is very much in line with the trend in economic recovery.

The recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. Central tax enforcement agencies, along with the State counterparts have detected large tax evasion cases, mainly cases relating to fake invoices, with the help of various IT tools developed by GSTN that use the return, invoice and e-way bill data to find suspicious taxpayers.

A large number of initiatives undertaken in the last one year like, enhancement of system capacity, nudging non-filers after last date of filing of returns, auto-population of returns, blocking of e-way bills and passing of input tax credit for non-filers has led to consistent improvement in the filing of returns over the last few months.

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 2021 as compared to November 2020.

 

State-wise growth of GST Revenues during November 2021[1]

State

Nov-20

Nov-21

Growth

Jammu and Kashmir

360

383

6%

Himachal Pradesh

758

762

0%

Punjab

1,396

1,845

32%

Chandigarh

141

180

27%

Uttarakhand

1,286

1,263

-2%

Haryana

5,928

6,016

1%

Delhi

3,413

4,387

29%

Rajasthan

3,130

3,698

18%

Uttar Pradesh

5,528

6,636

20%

Bihar

970

1,030

6%

Sikkim

223

207

-7%

Arunachal Pradesh

60

40

-33%

Nagaland

30

30

2%

Manipur

32

35

11%

Mizoram

17

23

37%

Tripura

58

58

-1%

Meghalaya

120

152

27%

Assam

946

992

5%

West Bengal

3,747

4,083

9%

Jharkhand

1,907

2,337

23%

Odisha

2,528

4,136

64%

Chhattisgarh

2,181

2,454

13%

Madhya Pradesh

2,493

2,808

13%

Gujarat

7,566

9,569

26%

Daman and Diu

2

0

-94%

Dadra and Nagar Haveli

296

270

-9%

Maharashtra

15,001

18,656

24%

Karnataka

6,915

9,048

31%

Goa

300

518

73%

Lakshadweep

0

2

369%

Kerala

1,568

2,129

36%

Tamil Nadu

7,084

7,795

10%

Puducherry

158

172

9%

Andaman and Nicobar Islands

23

24

5%

Telangana

3,175

3,931

24%

Andhra Pradesh

2,507

2,750

10%

Ladakh

9

13

46%

Other Territory

79

95

20%

Centre Jurisdiction

138

180

30%

Grand Total

82,075

98,708

20%

[1] Does not include GST on import of goods