Home GST GST Revenue Collection of Rs.1,62,712 crore during September 2023; Records 10% Year-on-Year growth

GST Revenue Collection of Rs.1,62,712 crore during September 2023; Records 10% Year-on-Year growth

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GST Revenue Collection of Rs.1,62,712 crore during September 2023; Records 10% Year-on-Year growth

GST Income Assortment of Rs.1,62,712 crore throughout September 2023; Information 10% 12 months-on-12 months progress

The gross GST income collected within the month of September, 2023 is Rs.1,62,712 crore out of which CGST is Rs.29,818 crore, SGST is Rs.37,657 crore, IGST is Rs.83,623 crore (together with Rs.41,145 crore collected on import of products) and cess is Rs.11,613 crore (together with Rs.881 crore collected on import of products).

From IGST, the federal government has settled Rs.33,736 crore to CGST and Rs.27,578 crore to SGST. After common settlement, the entire income of the Centre and the States in September 2023 is Rs.63,555 crore for CGST and Rs.65,235 crore for SGST.

The revenues for the month of September, 2023 are 10% greater than the GST revenues in the identical month final yr. Through the month, the revenues from home transactions (together with import of companies) are 14% greater than the revenues from these sources throughout the identical month final yr. It’s for the fourth time that the gross GST assortment has crossed Rs.1.60 lakh crore mark in FY 2023-24.

The gross GST assortment for the primary half of the monetary yr 2023-24, ending September 20, 2023 [Rs.9,92,508 crore], is 11% greater than the gross GST assortment for the primary half of monetary yr 2022-23 [Rs.8,93,334 crore].

The common month-to-month gross assortment in FY 2023-24 is Rs.1.65 lakh crore, which is 11% greater than common month-to-month gross assortment for first half of FY 2022-23 the place it was Rs.1.49 lakh crore.

The chart beneath reveals tendencies in month-to-month gross GST revenues through the present yr. Desk-1 reveals the state-wise figures of GST collected in every State through the month of September 2023 as in comparison with September 2022. Desk-2 reveals the state-wise figures of post-settlement GST income of every State until the month of September 2023.

State-wise progress of GST Revenues throughout September 2023

SGST & SGST portion of IGST settled to States/UTs

April-September (Rs. in crore)

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