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HomeBharat News₹1,61,497 Crore Gross GST Revenue Collected for June 2023: Records 12% Year-on-Year...

₹1,61,497 Crore Gross GST Revenue Collected for June 2023: Records 12% Year-on-Year Growth

The gross GST revenue collected in the month of June 2023 has reached an impressive ₹1,61,497 crore, showcasing a remarkable growth in comparison to previous years. This collection comprises various components, including CGST (Central Goods and Services Tax) of ₹31,013 crore, SGST (State Goods and Services Tax) of ₹38,292 crores, IGST (Integrated Goods and Services Tax) of ₹80,292 crore (which includes ₹39,035 crore collected on the import of goods), and cess of ₹11,900 crore (which includes ₹1,028 crore collected on the import of goods).

In terms of distribution, the government has settled ₹36,224 crores to CGST and ₹30,269 crores to SGST from IGST. After the regular settlement, the total revenue for the Centre and the States stands at ₹67,237 crore for CGST and ₹68,561 crore for SGST in the month of June 2023.

The revenue figures for June 2023 exhibit a remarkable 12% increase compared to the GST revenues collected in the same month of the previous year. Notably, the revenues from domestic transactions, including the import of services, have witnessed a significant growth of 18% when compared to the same period last year.

This month’s collection marks the fourth instance where the gross GST collection has crossed the ₹1.60 lakh crore mark. It is worth mentioning the average monthly gross GST collection for the first quarter of FY 2021-22, FY 2022-23, and FY 2023-24, which were ₹1.10 lakh crore, ₹1.51 lakh crore, and ₹1.69 lakh crore, respectively. These figures reflect a positive growth trajectory in GST revenue collection.

To provide a visual representation of the trends, the following chart showcases the monthly gross GST revenues during the current year. Furthermore, Table 1 provides a state-wise breakdown of GST collection in June 2023, highlighting a comparison with the figures from June 2022. Table 2 focuses on the SGST portion of the IGST received and settled to the respective States and Union Territories (UTs) in June 2023.

As GST revenue continues to demonstrate robust growth, the government remains committed to maintaining this positive momentum, ensuring sustainable economic development and effective financial management.

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

State/UTJune’22June’23Growth(%)
Jammu and Kashmir371.83588.6858%
Himachal Pradesh693.14840.6121%
Punjab1,682.501,965.9317%
Chandigarh169.7227.0634%
Uttarakhand1,280.921,522.5519%
Haryana6,713.897,988.1819%
Delhi4,313.364,744.1110%
Rajasthan3,385.953,892.0115%
Uttar Pradesh6,834.518,104.1519%
Bihar1,232.061,437.0617%
Sikkim256.37287.5112%
Arunachal Pradesh58.5390.6255%
Nagaland33.5879.2136%
Manipur38.7960.3756%
Mizoram25.8555.38114%
Tripura62.9975.1519%
Meghalaya152.59194.1427%
Assam972.071,213.0525%
West Bengal4,331.415,053.8717%
Jharkhand2,315.142,830.2122%
Odisha3,965.284,379.9810%
Chhattisgarh2,774.423,012.039%
Madhya Pradesh2,837.353,385.2119%
Gujarat9,206.5710,119.7110%
Dadra and Nagar Haveli and Daman & Diu349.70339.31-3%
Maharashtra22,341.4026,098.7817%
Karnataka8,844.8811,193.2027%
Goa428.63480.4312%
Lakshadweep0.6421.863316%
Kerala2,160.892,725.0826%
Tamil Nadu8,027.259,600.6320%
Puducherry182.46210.3815%
Andaman and Nicobar Islands22.3635.9861%
Telangana3,901.454,681.3920%
Andhra Pradesh2,986.523,477.4216%
Ladakh13.2214.5710%
Other Territory205.3227.4211%
Center Jurisdiction143.42179.6225%
Grand Total103317.18121433.5218%

Amount of SGST portion of IGST settled to States/UTs in June’2023-[2]

State/UTsAmount (Rs. In crore)
Jammu and Kashmir             417.85
Himachal Pradesh             222.35
Punjab             961.45
Chandigarh             122.21
Uttarakhand             221.64
Haryana          1,153.80
Delhi          1,136.95
Rajasthan          1,554.76
Uttar Pradesh          3,236.11
Bihar          1,491.33
Sikkim                39.30
Arunachal Pradesh             105.43
Nagaland                61.38
Manipur                49.88
Mizoram                55.95
Tripura                84.46
Meghalaya                86.75
Assam             743.95
West Bengal          1,503.81
Jharkhand             304.92
Odisha             409.84
Chhattisgarh             366.81
Madhya Pradesh          1,606.95
Gujarat          1,571.56
Dadra and Nagar Haveli and Daman and Diu                27.97
Maharashtra          3,484.55
Karnataka          2,688.90
Goa             162.97
Lakshadweep                  4.80
Kerala          1,415.11
Tamil Nadu          1,873.31
Puducherry             184.21
Andaman and Nicobar Islands                24.33
Telangana          1,621.37
Andhra Pradesh          1,159.88
Ladakh                28.68
Other Territory                82.97
Total       30,268.53
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