<h1>India's GST Revenue Hits Rs. 1.59 Lakh Crore in August 2023, an 11% Year-on-Year Increase, Boosted by Imports.</h1> In August 2023, India's gross GST revenue reached Rs. 1,59,069 crore, marking an 11% increase from the previous year. This includes Rs. 28,328 crore from CGST, Rs. 35,794 crore from SGST, Rs. 83,251 crore from IGST, and Rs. 11,695 crore from Cess, with a significant portion from imports. The government allocated Rs. 37,581 crore to CGST and Rs. 31,408 crore to SGST from IGST, resulting in total revenues of Rs. 65,909 crore for the Centre and Rs. 67,202 crore for the States. Domestic transaction revenues rose by 14%, while import revenues increased by 3% compared to August 2022.