Gross GST collections for November stand at over Rs 1.70 lakh crore; up 0.7 per cent

GST collections: The Gross Goods and Services Tax (GST) collections for the period of November came successful astatine implicit Rs 1.70 lakh crore. This is simply a emergence of 0.7%, according to authoritative data.SBI Research successful a study successful November had estimated that the gross home GST collections whitethorn travel astir Rs 1.49 lakh crore for November 25 (returns of October 25 but filed successful Nov’25), a YoY maturation of 6.8%.“Coupled with Rs 51,000 crore of IGST and cess connected Import, the November GST collections frankincense could transverse Rs 2.0 lakh crore, driven by the highest festive play request led by little GST complaint and accrued compliance portion astir of states acquisition affirmative gains,” SBI Research had said.This communicative is being updated