Gross GST revenue crosses ₹1,59,069 crore in August

Prameyanews English

Published By : Prasanta Dash | September 1, 2023 5:56 PM

gst

Delhi, Sept. 1: The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore, SGST is ₹35,794 crore, IGST is ₹83,251 crore (including ₹43,550  crore collected on import of goods) and Cess is ₹11,695 crore (including ₹1,016 crore collected on import of goods).

The government has settled ₹37,581 crore to CGST and ₹31,408 crore to SGST from IGST. The total revenue of the Centre and the States in the month of August 2023 after regular settlement is ₹65,909 crore for CGST and ₹67,202 crore for SGST.

The revenues for the month of August 2023 are 11% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 3% higher and the revenues from domestic transactions (including the import of services) are 14% higher than the revenues from these sources during the same month last year.

The chart below shows trends in monthly gross GST revenues during the current year. Table 1 shows the state-wise figures of GST collected in each State during the month of August 2023 as compared to August 2022 and Table 2 shows the SGST and SGST portion of the IGST received/settled to the States/UTs in August, 2023.

Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp

You Might Also Like

More From Related News
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst
gst

Copyright © 2024 - Summa Real Media Private Limited. All Rights Reserved.