India’s November GST mop-up at Rs 1.82 lakh crore, up 8.5% on-year

For the period of April-November, the collections are at Rs 14.57 lakh crore, as per data made available by the finance ministry on December 1

India's Goods and Services Tax (GST) collection for November 2024 came in at Rs 1.82 lakh crore, in gross terms, exhibiting a growth of 8.5 percent on-year and staying above the Rs 1.7 lakh crore mark for the ninth consecutive month, data released on December 1 showed.

However, on a month-on-month basis, the collections are lower by around 2.7 percent. Gross GST mop-up had risen to a six-month high of Rs 1.87 lakh crore in October.

For the period of April-November, the collections are at Rs 14.57 lakh crore, as per data made available by the finance ministry.

Total refunds for November were down nearly 9 percent at Rs 19,259 crore versus the same month last fiscal.

In net terms, GST mop-up stood at Rs 1.63 lakh crore last month, 11.1 percent higher on-year. And, for the April-November period it rose 9.2 percent to Rs 12.91 lakh crore.