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Home News Goods and Services Tax - GST Month 7 2023 2023 (7) This

₹1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth

3-7-2023
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₹1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth

Gross GST collection crosses ₹1.6 lakh crore mark for 4th time since inception of GST; ₹1.4 lakh crore for 16 months in a row; and ₹1.5 lakh 7th times since inception

Average monthly gross GST collection for Q1 of FY2021-22 is ₹1.10 lakh crore; FY2022-23 is ₹1.51 lakh crore; and FY2023-24 is ₹1.69 lakh crore, respectively

The gross GST revenue collected in the month of June, 2023 is ₹1,61,497 crore of which CGST is ₹31,013 crore, SGST is ₹38,292 crore, IGST is

₹80,292 crore (including ₹ 39,035 crore collected on import of goods) and cess is ₹11,900 crore (including ₹ 1,028 crore collected on import of goods).

The government has settled ₹36,224 crore to CGST and ₹30269 crore to SGST from IGST. The total revenue of Centre and the States in the month of June 2023 after regular settlement is ₹67,237 crore for CGST and ₹68,561 crore for the SGST.

The revenues for the month of June 2023 are 12% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 18% higher than the revenues from these sources during the same month last year.

It is for the fourth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark. The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23-24 are Rs. 1.10 lakh crore, Rs. 1.51 lakh crore and Rs. 1.69 lakh crore respectively.

The chart below shows trends in monthly gross GST revenues during the current year. The table-1 shows the state-wise figures of GST collected in each State during the month of June 2023 as compared to June 2022 and table-2 shows the SGST portion of the IGST received/settled to the States/UTs in June’2023.

State-wise growth of GST Revenues during June 2023[1]

State/UT

June’22

June’23

Growth(%)

Jammu and Kashmir

371.83

588.68

58%

Himachal Pradesh

693.14

840.61

21%

Punjab

1,682.50

1,965.93

17%

Chandigarh

169.7

227.06

34%

Uttarakhand

1,280.92

1,522.55

19%

Haryana

6,713.89

7,988.18

19%

Delhi

4,313.36

4,744.11

10%

Rajasthan

3,385.95

3,892.01

15%

Uttar Pradesh

6,834.51

8,104.15

19%

Bihar

1,232.06

1,437.06

17%

Sikkim

256.37

287.51

12%

Arunachal Pradesh

58.53

90.62

55%

Nagaland

33.58

79.2

136%

Manipur

38.79

60.37

56%

Mizoram

25.85

55.38

114%

Tripura

62.99

75.15

19%

Meghalaya

152.59

194.14

27%

Assam

972.07

1,213.05

25%

West Bengal

4,331.41

5,053.87

17%

Jharkhand

2,315.14

2,830.21

22%

Odisha

3,965.28

4,379.98

10%

Chhattisgarh

2,774.42

3,012.03

9%

Madhya Pradesh

2,837.35

3,385.21

19%

Gujarat

9,206.57

10,119.71

10%

Dadra and Nagar Haveli and Daman & Diu

349.70

339.31

-3%

Maharashtra

22,341.40

26,098.78

17%

Karnataka

8,844.88

11,193.20

27%

Goa

428.63

480.43

12%

Lakshadweep

0.64

21.86

3316%

Kerala

2,160.89

2,725.08

26%

Tamil Nadu

8,027.25

9,600.63

20%

Puducherry

182.46

210.38

15%

Andaman and Nicobar Islands

22.36

35.98

61%

Telangana

3,901.45

4,681.39

20%

Andhra Pradesh

2,986.52

3,477.42

16%

Ladakh

13.22

14.57

10%

Other Territory

205.3

227.42

11%

Center Jurisdiction

143.42

179.62

25%

Grand Total

103317.18

121433.52

18%

Amount of SGST portion of IGST settled to States/UTs in June’2023

State/UTs

Amount (Rs. In crore)

Jammu and Kashmir

             417.85

Himachal Pradesh

             222.35

Punjab

             961.45

Chandigarh

             122.21

Uttarakhand

             221.64

Haryana

          1,153.80

Delhi

          1,136.95

Rajasthan

          1,554.76

Uttar Pradesh

          3,236.11

Bihar

          1,491.33

Sikkim

                39.30

Arunachal Pradesh

             105.43

Nagaland

                61.38

Manipur

                49.88

Mizoram

                55.95

Tripura

                84.46

Meghalaya

                86.75

Assam

             743.95

West Bengal

          1,503.81

Jharkhand

             304.92

Odisha

             409.84

Chhattisgarh

             366.81

Madhya Pradesh

          1,606.95

Gujarat

          1,571.56

Dadra and Nagar Haveli and Daman and Diu

                27.97

Maharashtra

          3,484.55

Karnataka

          2,688.90

Goa

             162.97

Lakshadweep

                  4.80

Kerala

          1,415.11

Tamil Nadu

          1,873.31

Puducherry

             184.21

Andaman and Nicobar Islands

                24.33

Telangana

          1,621.37

Andhra Pradesh

          1,159.88

Ladakh

                28.68

Other Territory

                82.97

Total

       30,268.53

 

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