GST collections surpassed Rs one trillion for the second month straight in November. The mop-up was Rs 192 crore less at Rs 1.049 trillion in November compared to Rs 1.051 trillion in October.
This is the straight third month when the collections rose year-on-year. November collections were 1.42 percent higher than the same month of the previous year. That way, the yearly growth came down from 10.25 percent in October and 3.87 percent in September. Collections are mostly for transactions done in October, representing the impact of the festival season.