• 01 Jul 2023 06:53 PM
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GST collection grows 12% to over ₹1.61 lakh crore in June

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In June 2023, India's gross GST revenue reached ₹1,61,497 crore, a 12% increase from the previous year. CGST collected ₹31,013 crore, SGST collected Rs38,292 crore, IGST collected ₹80,292 crore, and cess collected ₹11,900 crore

In June 2023, India's gross GST revenue reached ₹1,61,497 crore, a 12% increase from the previous year. CGST collected ₹31,013 crore, SGST collected Rs38,292 crore, IGST collected ₹80,292 crore, and cess collected ₹11,900 crore

The revenues for the month of June 2023 are 12% higher than the GST revenues in the same month last year.Premium
The revenues for the month of June 2023 are 12% higher than the GST revenues in the same month last year.

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.