Gross GST collection for November at Rs 1,31,526 crore, 2nd highest ever

In the month of November 2021, the gross GST income collected 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).

As part of the normal settlement, the government transferred 27,273 crore to CGST and 22,655 crore to SGST from IGST. After regular settlements, the total revenue of the Centre and the States in November 2021 is 51251 crore for CGST and 53,782 crore for SGST. The Centre has also granted 17,000 crore to states and union territories for GST compensation on November 3, 2021.

For the second month in a row, gross GST collection surpassed 1.30 lakh crore. The revenues for the month of November 2021 are 25% more than the GST revenues for the same month last year and 27% higher than the revenues for 2019-20. Revenues from imports of products were 43 percent higher during the month, while revenues from domestic transactions (including imports of services) were 20 percent higher than in the same month last year.

The GST revenues for November 2021 were the second largest ever since the introduction of GST, trailing only those for April 2021, which were tied to year-end revenues and greater than previous month’s collection, which also included the impact of quarterly reports due. This is consistent with the general trend of economic recovery.

The recent trend of rising GST income has resulted from a variety of legislative and administrative initiatives implemented in the past to increase compliance. With the use of various IT technologies developed by GSTN that employ return, invoice, and e-way bill data to uncover suspicious taxpayers, central tax enforcement agencies and their state counterparts have detected big tax evasion instances, primarily ones involving fraudulent invoices.

A large number of initiatives implemented in the last year, such as increasing system capacity, nagging non-filers after the due date for filing returns, auto-population of returns, blocking of e-way bills, and passing of input tax credit for non-filers, have resulted in consistent improvement in return filing over the last few months.

The graph below depicts monthly gross GST income trends for the current fiscal year. The table compares the amount of GST collected in each state during the month of November 2021 versus November 2020.