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Dear Professional Colleagues,

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.


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State-wise growth of GST Revenues during March 2023

State

Mar-22

Mar-23

Growth(%)

Jammu and Kashmir

368

477

29.42

Himachal Pradesh

684

739

8.11

Punjab

1,572

1,735

10.37

Chandigarh

184

202

10.09

Uttarakhand

1,255

1,523

21.34

Haryana

6,654

7,780

16.93

Delhi

4,112

4,840

17.72

Rajasthan

3,587

4,154

15.80

Uttar Pradesh

6,620

7,613

15.01

Bihar

1,348

1,744

29.40

Sikkim

230

262

14.11

Arunachal Pradesh

105

144

37.56

Nagaland

43

58

35.07

Manipur

60

65

9.37

Mizoram

37

70

91.16

Tripura

82

90

10.21

Meghalaya

181

202

11.51

Assam

1,115

1,280

14.87

West Bengal

4,472

5,092

13.88

Jharkhand

2,550

3,083

20.92

Odisha

4,125

4,749

15.14

Chhattisgarh

2,720

3,017

10.90

Madhya Pradesh

2,935

3,346

14.01

Gujarat

9,158

9,919

8.31

Daman and Diu

 

 

Dadra and Nagar Haveli

284

309

8.99

Maharashtra

20,305

22,695

11.77

Karnataka

8,750

10,360

18.40

Goa

386

515

33.33

Lakshadweep

2

3

30.14

Kerala

2,089

2,354

12.67

Tamil Nadu

8,023

9,245

15.24

Puducherry

163

204

24.78

Andaman and Nicobar Islands

27

37

38.88

Telangana

4,242

4,804

13.25

Andhra Pradesh

3,174

3,532

11.26

Ladakh

23

23

-3.66

Other Territory

149

249

66.48

Centre Jurisdiction

170

142

-16.31

Total

1,01,983

1,16,659

14.39

Does not include GST on import of goods

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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