• 02 Jun 2023 04:37 PM
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GST collections rise 12% to ₹1.57 lakh crore in May

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The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which Central GST is ₹28,411 crore, State GST is ₹35,828 crore, Integrated GST is ₹81,363 crore

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which Central GST is ₹28,411 crore, State GST is ₹35,828 crore, Integrated GST is ₹81,363 crore

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 gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is 1,57,090 crore of which Central GST is 28,411 crore, State GST is 35,828 crore, Integrated GST 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).