SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GST collections in November 2018 fall to Rs 97,637 crore

03 Dec 2018 Evaluate

The finance ministry in its latest report has showed that Goods and Services Tax (GST) collection dropped to Rs 97,637 crore in November 2018 as compared to Rs 1 lakh crore collected previous month. Of the Rs 97,637 crore collected, central GST (CGST) collection was Rs 16,812 crore, state GST (SGST) was Rs 23,070 crore, integrated GST (IGST) was Rs 49,726 crore (including Rs 24,133 crore collected on imports) and cess was Rs 8,031 crore (including Rs 842 crore collected on imports). The total number of GSTR 3B returns filed for October up to November 30, 2018, was 69.6 lakh. Compensation released to states for August-September stood at Rs 11,922 crore.

The government has settled Rs 18,262 crore to CGST and Rs 15,704 crore to SGST from IGST as regular settlement. The total revenue earned by central government and the state governments after regular settlement in November 2018 was Rs 35,073 crore for CGST and Rs 38,774 crore for SGST. Besides, the GST collections stood at Rs 1.03 lakh crore in April, Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August, Rs 94,442 crore in September and Rs 1,00,710 crore in October.

Additionally, the government has set a target of over Rs 12 lakh crore for current financial year (FY19), which can be achieved if the average monthly mop up is around Rs 1 lakh crore, as compared with Rs 89,885 crore in last financial year (FY18). During April-November of FY19, the government has collected Rs 7.76 lakh crore revenue from GST.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×