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Dear Professional Colleagues,
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Ministry of Finance had issued a Press release dated
September 1st, 2023, regarding gross GST revenue.
Highlights
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
States 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 received/settled to the States/UTs in August,
2023. .png)
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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
AMRG & Associates is an established Chartered Accountants firm. It came into existence in 1984 and since then has grown its branches across major Indian cities such as Delhi, Mumbai and Chandigarh. Since its inception, it has become one of the leading chartered accountants’ firms in North India. AMRG & Associates offers its clients a wide range of exceptional services through the expertise of its highly motivated group of trained professionals. The firm provides expertise in financial and business advisory, tax and regulatory, audit and assurance and risk advisory services. AMRG & Associates has a client base of 200+ companies & individuals. The firm's approach to service delivery helps to provide value-added services to its wide clientele. Our differentiation is derived from a rapid performance based, industry-tailored and technology-enabled business advisory services delivered by talented professionals in the country.
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