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TMI Blog₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growthX X X X Extracts X X X X X X X X Extracts X X X X ..... ₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth - Goods and Services Tax - GST Dated:- 3-10-2023 - News - GST collection crosses ₹1.60 lakh crore mark for the fourth time in FY 2023-24 ₹9,92,508 crore gross GST collection for the first half of FY 2023-24 marks 11% Y-o-Y growth Average monthly gross GST collection in FY 2023-24 at Rs. 1.65 lakh crore with 11% Y-o-Y growth The gross GST revenue collected in the month of September, 2023 is ₹1,62,712 crore out of which CGST is ₹29,818 crore , SGST is ₹37,657 crore , IGST is ₹83,623 crore (including ₹41,145 crore collected on import of goods) and cess is ₹11,613 crore (in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluding ₹881 crore collected on import of goods). The government has settled ₹33,736 crore to CGST and ₹27,578 crore to SGST from IGST. The total revenue of Centre and the States in the month of September, 2023 after regular settlement is ₹63,555 crore for CGST and ₹65,235 crore for the SGST. The revenues for the month of September, 2023 are 10% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 14% higher than the revenues from these sources during the same month last year. It is for the fourth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24. The gross GST collec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion for the first half of the FY 2023-24 ending September, 2023 [₹9,92,508 crore] is 11% higher than the gross GST collection in the first half of FY 2022-23 [₹8,93,334 crore]. The average monthly gross collection in FY 2023-24 is ₹1.65 lakh crore, which is 11% higher than average monthly gross collection for first half of FY 2022-23 where it was ₹1.49 lakh crore. The chart below shows trends in monthly gross GST revenues during the current year. Table-1 shows the state-wise figures of GST collected in each State during the month of September 2023 as compared to September 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of September 2023. Chart: Trends ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in GST Collection State-wise growth of GST Revenues during September, 2023 [1] State/UT Sep-22 Sep-23 Growth (%) Jammu and Kashmir 428 563 32% Himachal Pradesh 712 784 10% Punjab 1,710 1,866 9% Chandigarh 206 219 6% Uttarakhand 1,300 1,392 7% Haryana 7,403 8,009 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8% Delhi 4,741 4,849 2% Rajasthan 3,307 3,869 17% Uttar Pradesh 7,004 7,844 12% Bihar 1,466 1,397 -5% Sikkim 285 315 11% Arunachal Pradesh 64 81 27% Nagaland 49 52 5% Manipur 38 56 47% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mizoram 24 27 14% Tripura 65 73 13% Meghalaya 161 165 2% Assam 1,157 1,175 2% West Bengal 4,804 4,940 3% Jharkhand 2,463 2,623 7% Odisha 3,765 4,249 13% Chhattisgarh 2,269 2,684 18% Madhya Prad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... esh 2,711 3,118 15% Gujarat 9,020 10,129 12% Dadra and Nagar Haveli and Daman Diu 312 350 12% Maharashtra 21,403 25,137 17% Karnataka 9,760 11,693 20% Goa 429 497 16% Lakshadweep 3 2 -45% Kerala 2,246 2,505 12% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tamil Nadu 8,637 10,481 21% Puducherry 188 197 5% Andaman and Nicobar Islands 33 23 -30% Telangana 3,915 5,226 33% Andhra Pradesh 3,132 3,658 17% Ladakh 19 35 81% Other Territory 202 207 2% Center Jurisdiction 182 196 8% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Table-2: SGST SGST portion of IGST settled to States/UTs April-September (Rs. in crore) Pre-Settlement SGST Post-Settlement SGST [2] State/UT 2022-23 2023-24 Growth 2022-23 2023-24 Growth Jammu and Kashmir 1,138 1,515 33% 3,546 4,102 16% Himachal Pradesh 1,150 1,314 14% 2,770 2,778 0% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Punjab 3,846 4,216 10% 9,215 10,869 18% Chandigarh 300 335 12% 1,002 1,147 15% Uttarakhand 2,401 2,589 8% 3,708 4,055 9% Haryana 9,045 9,864 9% 14,948 17,161 15% Delhi 6,872 7,639 11% 13,746 15,660 14% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rajasthan 7,597 8,488 12% 16,461 19,129 16% Uttar Pradesh 13,711 16,069 17% 32,540 36,109 11% Bihar 3,567 4,092 15% 11,497 12,679 10% Sikkim 153 267 75% 406 545 34% Arunachal Pradesh 253 343 35% 807 1, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 013 26% Nagaland 108 155 43% 474 539 14% Manipur 143 177 24% 681 566 -17% Mizoram 93 147 58% 419 491 17% Tripura 206 258 25% 696 790 13% Meghalaya 227 311 37% 711 860 21% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Assam 2,562 2,906 13% 5,965 7,181 20% West Bengal 10,751 11,960 11% 18,786 20,949 12% Jharkhand 3,661 4,462 22% 5,352 6,043 13% Odisha 7,206 8,068 12% 9,096 10,869 19% Chhattisgarh 3,720 4,136 11% 5,292 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6,454 22% Madhya Pradesh 5,221 6,324 21% 12,768 15,350 20% Gujarat 18,628 20,839 12% 27,226 31,106 14% Dadra and Nagar Haveli and Daman and Diu 330 315 -5% 566 508 -10% Maharashtra 42,043 50,062 19% 62,010 72,741 17% Karnataka 17,196 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20,097 17% 31,076 36,162 16% Goa 957 1,109 16% 1,678 1,940 16% Lakshadweep 5 14 192% 16 60 283% Kerala 6,014 6,986 16% 14,594 15,827 8% Tamil Nadu 17,712 20,158 14% 28,345 31,778 12% Puducherry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 233 246 6% 580 727 25% Andaman and Nicobar Islands 101 111 10% 247 271 10% Telangana 8,184 9,790 20% 17,685 20,023 13% Andhra Pradesh 6,298 7,028 12% 13,496 15,390 14% Ladakh 63 98 55% 245 300 23% O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther Territory 78 118 52% 241 542 125% Grand Total 2,01,771 2,32,606 15% 3,68,888 4,22,713 15% [1] Does not include GST on import of goods [2] Post-Settlement GST is cumulative of the GST revenues of the States/UTs and the SGST portion of the IGST settled to the States/UTs - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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