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Dear Professional Colleagues,
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Greetings of the Day !
Ministry of Finance had issued a Press release dated July
1st, 2023, regarding gross GST revenue.
Highlights
The gross GST revenue
collected in the month of June 2023 is Rs 1,61,497 crore of
which,
- CGST is ₹ 31,013 crore,
- SGST is ₹ 38,292
crore,
- IGST is ₹ 80,292
crore (including ₹ 39,035 crores
collected on import of goods) and
- Cess is ₹ 11,900
crore (including ₹ 1,028
crores collected on import of goods).
- ₹1,61,497
crore gross GST revenue collected for June 2023; records 12% Year-on-Year
growth
- Gross
GST collection crosses ₹1.6 lakh crore mark for 4th time since inception
of GST; ₹1.4 lakh crore for 16 months in a row; and ₹1.5 lakh 7th times
since inception
- Average monthly gross GST collection for Q1 of
FY2021-22 is ₹1.10 lakh crore; FY2022-23 is ₹1.51 lakh crore; and
FY2023-24 is ₹1.69 lakh crore
The government has settled ₹36,224 crore to CGST and ₹30269
crore to SGST from IGST. The total revenue of Centre and the States in the
month of June 2023 after regular settlement is ₹67,237 crore for CGST and
₹68,561 crore for the SGST.
The revenues for the month of June 2023 are 12% higher than the
GST revenues in the same month last year. During the month, the revenues from
domestic transactions (including import of services) are 18% higher than the
revenues from these sources during the same month last year.
It is for the fourth time, the gross GST collection has crossed
Rs. 1.60 lakh crore mark. The average monthly gross GST collection for the
first quarter of the FY 2021-22, FY 22-23 & FY 23-24 are Rs. 1.10 lakh
crore, Rs. 1.51 lakh crore and Rs. 1.69 lakh crore respectively.
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 June 2023 as compared to June 2022
and table-2 shows the SGST portion of the IGST received/settled to the
States/UTs in June’2023.
State-wise growth of GST Revenues during June 2023
|
State
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Apr-22
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Apr-23
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Growth (%)
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Jammu and Kashmir
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371.83
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588.68
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58%
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Himachal Pradesh
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693.14
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840.61
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21%
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Punjab
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1,682.50
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1,965.93
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17%
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Chandigarh
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169.7
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227.06
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34%
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Uttarakhand
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1,280.92
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1,522.55
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19%
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Haryana
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6,713.89
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7,988.18
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19%
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Delhi
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4,313.36
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4,744.11
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10%
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Rajasthan
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3,385.95
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3,892.01
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15%
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Uttar Pradesh
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6,834.51
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8,104.15
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19%
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Bihar
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1,232.06
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1,437.06
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17%
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Sikkim
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256.37
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287.51
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12%
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Arunachal Pradesh
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58.53
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90.62
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55%
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Nagaland
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33.58
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79.2
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136%
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Manipur
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38.79
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60.37
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56%
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Mizoram
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25.85
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55.38
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114%
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Tripura
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62.99
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75.15
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19%
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Meghalaya
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152.59
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194.14
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27%
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Assam
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972.07
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1,213.05
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25%
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West Bengal
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4,331.41
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5,053.87
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17%
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Jharkhand
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2,315.14
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2,830.21
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22%
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Odisha
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3,965.28
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4,379.98
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10%
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Chhattisgarh
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2,774.42
|
3,012.03
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9%
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Madhya Pradesh
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2,837.35
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3,385.21
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19%
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Gujarat
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9,206.57
|
10,119.71
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10%
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Dadra and Nagar Haveli and
Daman & Diu
|
349.70
|
339.31
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-3%
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Maharashtra
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22,341.40
|
26,098.78
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17%
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Karnataka
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8,844.88
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11,193.20
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27%
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Goa
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428.63
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480.43
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12%
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Lakshadweep
|
0.64
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21.86
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3316%
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Kerala
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2,160.89
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2,725.08
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26%
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Tamil Nadu
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8,027.25
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9,600.63
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20%
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Puducherry
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182.46
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210.38
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15%
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Andaman and Nicobar
Islands
|
22.36
|
35.98
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61%
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Telangana
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3,901.45
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4,681.39
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20%
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Andhra Pradesh
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2,986.52
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3,477.42
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16%
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Ladakh
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13.22
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14.57
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10%
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Other Territory
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205.3
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227.42
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11%
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Center Jurisdiction
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143.42
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179.62
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25%
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Grand Total
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103317.18
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121433.52
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18%
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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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