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Dear Professional Colleagues,
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Greetings of the Day !
Ministry
of Finance had issued a Press release dated April 1st, 2023, regarding gross
GST revenue.
Highlights
The gross GST revenue collected in
the month of March 2023 is Rs 1,60,122 crore of which,
- CGST is ₹ 29,546 crore,
- SGST is ₹ 37,314 crore,
- IGST is ₹ 82,907 crore (including ₹ 42,503
crores collected on import of goods) and
- Cess is ₹ 10,355 crore (including ₹ 960 crores
collected on import of goods).
- Monthly GST revenues more than
Rs 1.4 lakh crore for 12 straight months in a row with ₹1.6 lakh crore crossed for the
2nd time since inception of GST.
- Second highest collection ever,
next only to the collection in April 2022
- GST revenues clock 13% growth
Year-on-Year
- Total gross collection for
2022-23 stands at ₹18.10 lakh crore; average gross monthly collection for the full
year is ₹1.51 lakh crore
- Gross revenues in 2022-23 were
22% higher than that last year
The total gross collection for 2022-23
stands at ₹18.10 lakh crore and the average gross monthly collection
for the full year is ₹1.51 lakh crore. The gross revenues in 2022-23 were
22% higher than that last year. The average monthly gross GST collection for
the last quarter of the FY 2022-23 has been ₹1.55
lakh crore against the average monthly collection of ₹1.51
lakh crore, ₹1.46 lakh crore and ₹1.49
lakh crore in the first, second and third quarters respectively.
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 during the month of March 2023 as
compared to March 2022.
State-wise growth of GST Revenues
during March 2023
|
State
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Mar-22
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Mar-23
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Growth(%)
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Jammu
and Kashmir
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368
|
477
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29.42
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Himachal
Pradesh
|
684
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739
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8.11
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Punjab
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1,572
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1,735
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10.37
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Chandigarh
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184
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202
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10.09
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Uttarakhand
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1,255
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1,523
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21.34
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Haryana
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6,654
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7,780
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16.93
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Delhi
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4,112
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4,840
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17.72
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Rajasthan
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3,587
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4,154
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15.80
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Uttar
Pradesh
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6,620
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7,613
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15.01
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Bihar
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1,348
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1,744
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29.40
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Sikkim
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230
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262
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14.11
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Arunachal
Pradesh
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105
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144
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37.56
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Nagaland
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43
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58
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35.07
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Manipur
|
60
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65
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9.37
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Mizoram
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37
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70
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91.16
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Tripura
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82
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90
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10.21
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Meghalaya
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181
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202
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11.51
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Assam
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1,115
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1,280
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14.87
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West
Bengal
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4,472
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5,092
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13.88
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Jharkhand
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2,550
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3,083
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20.92
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Odisha
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4,125
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4,749
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15.14
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Chhattisgarh
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2,720
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3,017
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10.90
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Madhya
Pradesh
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2,935
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3,346
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14.01
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Gujarat
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9,158
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9,919
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8.31
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Daman
and Diu
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Dadra
and Nagar Haveli
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284
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309
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8.99
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Maharashtra
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20,305
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22,695
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11.77
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Karnataka
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8,750
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10,360
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18.40
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Goa
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386
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515
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33.33
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Lakshadweep
|
2
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3
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30.14
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Kerala
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2,089
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2,354
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12.67
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Tamil
Nadu
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8,023
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9,245
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15.24
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Puducherry
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163
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204
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24.78
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Andaman
and Nicobar Islands
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27
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37
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38.88
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Telangana
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4,242
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4,804
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13.25
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Andhra
Pradesh
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3,174
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3,532
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11.26
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Ladakh
|
23
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23
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-3.66
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Other
Territory
|
149
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249
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66.48
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Centre
Jurisdiction
|
170
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142
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-16.31
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Total
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1,01,983
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1,16,659
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14.39
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Does not include GST on import of goods |
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Hope you find it interesting and useful to read. For any clarification/ feedback, feel free to write us at amrg@amrg.in.
Best regards,
AMRG Team
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About Us
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