₹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, respectively

The gross GST revenue collected in the month of June, 2023 is ₹1,61,497 crore of which CGST is ₹31,013 crore, SGST is ₹38,292 crore, IGST is

₹80,292 crore (including ₹ 39,035 crore collected on import of goods) and cess is ₹11,900 crore (including ₹ 1,028 crore collected on import of goods).

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[1]

State/UT	June’22	June’23	Growth(%)
Jammu and Kashmir	371.83	588.68	58%
Himachal Pradesh	693.14	840.61	21%
Punjab	1,682.50	1,965.93	17%
Chandigarh	169.7	227.06	34%
Uttarakhand	1,280.92	1,522.55	19%
Haryana	6,713.89	7,988.18	19%
Delhi	4,313.36	4,744.11	10%
Rajasthan	3,385.95	3,892.01	15%
Uttar Pradesh	6,834.51	8,104.15	19%
Bihar	1,232.06	1,437.06	17%
Sikkim	256.37	287.51	12%
Arunachal Pradesh	58.53	90.62	55%
Nagaland	33.58	79.2	136%
Manipur	38.79	60.37	56%
Mizoram	25.85	55.38	114%
Tripura	62.99	75.15	19%
Meghalaya	152.59	194.14	27%
Assam	972.07	1,213.05	25%
West Bengal	4,331.41	5,053.87	17%
Jharkhand	2,315.14	2,830.21	22%
Odisha	3,965.28	4,379.98	10%
Chhattisgarh	2,774.42	3,012.03	9%
Madhya Pradesh	2,837.35	3,385.21	19%
Gujarat	9,206.57	10,119.71	10%
Dadra and Nagar Haveli and Daman & Diu	349.70	339.31	-3%
Maharashtra	22,341.40	26,098.78	17%
Karnataka	8,844.88	11,193.20	27%
Goa	428.63	480.43	12%
Lakshadweep	0.64	21.86	3316%
Kerala	2,160.89	2,725.08	26%
Tamil Nadu	8,027.25	9,600.63	20%
Puducherry	182.46	210.38	15%
Andaman and Nicobar Islands	22.36	35.98	61%
Telangana	3,901.45	4,681.39	20%
Andhra Pradesh	2,986.52	3,477.42	16%
Ladakh	13.22	14.57	10%
Other Territory	205.3	227.42	11%
Center Jurisdiction	143.42	179.62	25%
Grand Total	103317.18	121433.52	18%

Amount of SGST portion of IGST settled to States/UTs in June’2023

 

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.