<h1>India's February 2023 GST Revenue Hits Rs. 1.49 Lakh Crore, Up 12% YoY; Cess Collection Reaches Record High.</h1> In February 2023, India collected Rs. 1,49,577 crore in gross GST revenue, marking a 12% increase from the same month in the previous year. This is the twelfth consecutive month with GST revenues exceeding Rs. 1.4 lakh crore. Revenue from imports grew by 6%, while domestic transactions, including import of services, increased by 15%. The highest-ever cess collection of Rs. 11,931 crore was recorded. The government settled Rs. 34,770 crore to CGST and Rs. 29,054 crore to SGST from IGST. Additionally, GST compensation of Rs. 16,982 crore for June 2022 and Rs. 16,524 crore for previous periods was released to states and UTs.