Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth
GST
Dated:- 1-6-2023

₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth Monthly GST revenues more than ₹1.4 lakh crore for 14 months in a row, with ₹1.5 lakh crore crossed for the 5th time since inception of GST Revenue from import of goods .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 12% higher Y-o-Y; Domestic transactions (including import of services) revenue 11% higher Y-o-Y The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess is ₹11,489 crore (includin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g ₹1,057 crore collected on import of goods). The government has settled ₹35,369 crore to CGST and ₹29,769 crore to SGST from IGST. The total revenue of Centre and the States in the month of May 2023 after regular settlement is ₹63,780 crore for CGST and ₹65,597 crore for the SGST. The revenues for the month of May 2023 are 12% higher than the GST revenues in the sa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me month last year. During the month, revenue from import of goods was 12% higher and the revenues from domestic transactions (including import of services) are 11% higher than the revenues from these sources during the same month last year. The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State dur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing the month of May 2023 as compared to May 2022. State-wise growth of GST Revenues during May 2023[1] State/UT May-22 May-23 Growth(%) Jammu and Kashmir 372 422 14 Himachal Pradesh 741 828 12 Punjab 1833 1744 -5 Chandigarh 167 259 55 Uttarakhand 1309 1431 9 Haryana 6663 7250 9 Delhi 4113 5147 25 Rajasthan 3789 3924 4 Uttar Pradesh 6670 7468 12 Bihar 117 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 8 1366 16 Sikkim 279 334 20 Arunachal Pradesh 82 120 47 Nagaland 49 52 6 Manipur 47 39 -17 Mizoram 25 38 52 Tripura 65 75 14 Meghalaya 174 214 23 Assam 1062 1217 15 West Bengal 4896 5162 5 Jharkhand 2468 2584 5 Odisha 3956 4398 11 Chattisgarh 2627 2525 -4 Madhya Pradesh 2746 3381 23 Gujarat 9321 9800 5 Dadra and Nagar Haveli and Daman and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Diu 300 324 8 Maharashtra 20313 23536 16 Karnataka 9232 10317 12 Goa 461 523 13 Lakshadweep 1 2 210 Kerala 2064 2297 11 Tamil Nadu 7910 8953 13 Puducherry 181 202 12 Andaman and Nicobar Islands 24 31 27 Telangana 3982 4507 13 Andhra Pradesh 3047 3373 11 Ladakh 12 26 113 Other Territory 185 201 9 Center Jurisdiction 140 187 34 Grand Total 102 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 485 114261 11
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates