July 3, 2023
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GST revenue growth: gross collections rise year on year and IGST settlements allocate proceeds between Centre and States.
The release reports June 2023 gross GST collection at Rs.1,61,497 crore-CGST Rs.31,013 crore, SGST Rs.38,292 crore, IGST Rs.80,292 crore (including import receipts) and cess Rs.11,900 crore-and states that Rs.36,224 crore and Rs.30,269 crore were settled to CGST and SGST respectively from IGST, yielding post settlement Centre and State shares of Rs.67,237 crore (CGST) and Rs.68,561 crore (SGST). It records 12% year on year growth and provides state wise collections and SGST portions of IGST settlements totaling Rs.30,268.53 crore.