The gross GST revenue collected in month of August, 2023 is Rs.1,59,069 crore of which CGST is Rs.28,328 crore, SGST is Rs.35,794 crore, IGST is Rs.83,251 crore and Cess is Rs.11,695 crore.
Reetu | Sep 1, 2023 |
Gross GST Revenue Collections of Rs.1,59,069 crore during August 2023; Records 11% Year-on-Year growth
The gross GST revenue collected in the month of August, 2023 is Rs.1,59,069 crore of which CGST is Rs.28,328 crore, SGST is Rs.35,794 crore, IGST is Rs.83,251 crore (including Rs.43,550 crore collected on import of goods) and Cess is Rs.11,695 crore (including Rs.1,016 crore collected on import of goods).
From IGST, the government has transferred Rs.37,581 crore to CGST and Rs.31,408 crore to SGST. After normal settlement, the total income of the Centre and the States in the month of August 2023 is Rs.65,909 crore for CGST and Rs.67,202 crore for SGST.
The GST collections for August 2023 are 11% greater than the same month last year. income from imports of goods was 3% higher during the month, while income from domestic transactions (including imports of services) was 14% higher than during the same month previous year.
The graph below depicts monthly gross GST income trends for the current financial year. Table-1 compares the amount of GST collected in each state in August 2023 to August 2022, and Table-2 displays the SGST and SGST share of the IGST received/settled to the states/UTs in August 2023.
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