₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth

Monthly GST revenues more than ₹1.4 lakh crore for 14 months in a row, with ₹1.5 lakh crore crossed for the 5th time since inception of GST

Revenue from import of goods 12% higher Y-o-Y; Domestic transactions (including import of services) revenue 11% higher Y-o-Y

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess is ₹11,489 crore (including ₹1,057 crore collected on import of goods).

The government has settled ₹35,369 crore to CGST and ₹29,769 crore to SGST from IGST. The total revenue of Centre and the States in the month of May 2023 after regular settlement is ₹63,780 crore for CGST and ₹65,597 crore for the SGST.

The revenues for the month of May 2023 are 12% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 12% higher and the revenues from domestic transactions (including import of services) are 11% 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 shows the state-wise figures of GST collected in each State during the month of May 2023 as compared to May 2022.

State-wise growth of GST Revenues during May 2023^[1]

State/UT	May-22	May-23	Growth(%)
Jammu and Kashmir	372	422	14
Himachal Pradesh	741	828	12
Punjab	1833	1744	-5
Chandigarh	167	259	55
Uttarakhand	1309	1431	9
Haryana	6663	7250	9
Delhi	4113	5147	25
Rajasthan	3789	3924	4
Uttar Pradesh	6670	7468	12
Bihar	1178	1366	16
Sikkim	279	334	20
Arunachal Pradesh	82	120	47
Nagaland	49	52	6
Manipur	47	39	-17
Mizoram	25	38	52
Tripura	65	75	14
Meghalaya	174	214	23
Assam	1062	1217	15
West Bengal	4896	5162	5
Jharkhand	2468	2584	5
Odisha	3956	4398	11
Chattisgarh	2627	2525	-4
Madhya Pradesh	2746	3381	23
Gujarat	9321	9800	5
Dadra and Nagar Haveli and Daman and Diu	300	324	8
Maharashtra	20313	23536	16
Karnataka	9232	10317	12
Goa	461	523	13
Lakshadweep	1	2	210
Kerala	2064	2297	11
Tamil Nadu	7910	8953	13
Puducherry	181	202	12
Andaman and Nicobar Islands	24	31	27
Telangana	3982	4507	13
Andhra Pradesh	3047	3373	11
Ladakh	12	26	113
Other Territory	185	201	9
Center Jurisdiction	140	187	34
Grand Total	102485	114261	11

 

GST revenue growth continues, with collections rising and IGST transfers settling Centre State shares for the month. Monthly Goods and Services Tax (GST) collection for May 2023 recorded gross receipts of Rs.1,57,090 crore with 12% year on year growth. Receipts are broken down into CGST, SGST, IGST (including imports) and cess; import of goods and domestic transactions rose by 12% and 11% respectively. Specified IGST transfers to CGST and SGST produced post settlement Centre and State totals. A state wise comparison of May 2023 versus May 2022 collections is included, showing varied growth across jurisdictions.