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₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

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..... ₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth - Goods and Services Tax - GST Dated:- 1-9-2023 - News - GST Revenues from domestic transactions (including import of services) are 14% higher Year-on-Year The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore , SGST is ₹35,794 crore , IGST is ₹83,251 crore (including ₹43,550 crore collected on import of goods) and Cess is ₹11,695 crore (including ₹1,016 crore collected on import of goods). The government has settled ₹37,581 crore to CGST and ₹31,408 crore to SGST from IGST. The total revenue of Centre and the S .....

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..... tates in the month of August, 2023 after regular settlement is ₹65,909 crore for CGST and ₹67,202 crore for the SGST. The revenues for the month of August, 2023 are 11% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 3% higher and the revenues from domestic transactions (including import of services) are 14% 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-1 shows the state-wise figures of GST collected in each State during the month of August, 2023 as compared to August, 2022 and Table-2 shows the SGST and SGST portion of the IGST receive .....

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..... d/settled to the States/UTs in August, 2023. Table-1: State-wise Y-o-Y growth of GST Revenue in August, 2023 [1] (Rs. In crore) State/UT August 22 August 23 Growth(%) Jammu and Kashmir 434 523 21 Himachal Pradesh 709 725 2 Punjab 1651 1813 10 Chandigarh 179 192 .....

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..... 7 Uttarakhand 1094 1353 24 Haryana 6772 7666 13 Delhi 4349 4620 6 Rajasthan 3341 3626 9 Uttar Pradesh 6781 7468 10 Bihar 1271 1379 .....

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..... 9 Sikkim 247 320 29 Arunachal Pradesh 59 82 39 Nagaland 38 51 37 Manipur 35 40 17 Mizoram 28 32 13 Tripura 56 78 .....

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..... 40 Meghalaya 147 189 28 Assam 1055 1148 9 West Bengal 4600 4800 4 Jharkhand 2595 2721 5 Odisha 3884 4408 14 Chhattisgarh 2442 2896 .....

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..... 19 Madhya Pradesh 2814 3064 9 Gujarat 8684 9765 12 Daman and Diu and Dadra and Nagar Haveli 311 324 4 Maharashtra 18863 23282 23 Karnataka 9583 11116 16 Goa 376 .....

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..... 509 36 Lakshadweep 0 3 853 Kerala 2036 2306 13 Tamil Nadu 8386 9475 13 Puducherry 200 231 15 Andaman and Nicobar Islands 16 21 35 Telangana 3871 .....

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..... 4393 13 Andhra Pradesh 3173 3479 10 Ladakh 19 27 39 Other Territory 224 184 (18) Center Jurisdiction 205 193 (6) Grand Total 100526 114503 14 Table-2: Amou .....

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..... nt of SGST SGST portion of IGST settled to States/UTs in August, 2023 (Rs. In crore) State/UT SGST collection SGST portion of IGST Total Jammu and Kashmir 220 420 640 Himachal Pradesh 182 210 392 Punjab 603 1,201 1,804 Chandigarh 51 119 171 Uttarakhand .....

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..... 382 255 637 Haryana 1,585 1,094 2,679 Delhi 1,113 1,209 2,322 Rajasthan 1,265 1,730 2,994 Uttar Pradesh 2,378 3,165 5,544 Bihar 654 1,336 1,990 Sikkim 42 43 .....

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..... 85 Arunachal Pradesh 40 100 140 Nagaland 23 59 82 Manipur 21 62 83 Mizoram 17 54 72 Tripura 36 84 120 Meghalaya 50 86 136 Assam 440 .....

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..... 691 1,131 West Bengal 1,797 1,516 3,313 Jharkhand 802 120 922 Odisha 1,333 401 1,734 Chhattisgarh 710 488 1,198 Madhya Pradesh 978 1,447 2,425 Gujarat 3,211 1,723 4,933 .....

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..... Dadra and Nagar Haveli and Daman and Diu 51 40 90 Maharashtra 7,630 3,841 11,470 Karnataka 3,029 2,627 5,656 Goa 174 111 285 Lakshadweep 0 2 2 Kerala 1,035 1,437 2,472 Tamil Nadu .....

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..... 3,301 2,212 5,513 Puducherry 43 51 94 Andaman and Nicobar Islands 10 22 33 Telangana 1,439 1,746 3,186 Andhra Pradesh 1,122 1,481 2,603 Ladakh 14 43 57 Other Territory 13 1 .....

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..... 82 195 Grand Total 35,794 31,408 67,202 [1] Does not include GST on import of goods - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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