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      Gross GST Revenue of ₹1,65,105 Collected In July 2023

      by HydNewsToday
      August 1, 2023
      Reading Time: 6 mins read
      gst revenue
      GST revenue surpass ₹1.6 lakh cr benchmark for the 5th instance since the implementation of GST.
      The income generated from domestic transactions (inclusive of service imports) displays a 15% annual growth.
      In July 2023, the total GST revenue collected amounted to ₹1,65,105 crore.
      This sum included ₹29,773 crore in Central GST (CGST), ₹37,623 crore in State GST (SGST), ₹85,930 crore in Integrated GST (IGST) – with an additional ₹41,239 crore generated through the import of goods – and cess at ₹11,779 crore, of which ₹ 840 crore was collected on import of goods.
      The government proceeded to reconcile ₹39,785 crore to CGST and ₹33,188 crore to SGST from the IGST revenue.
      Post this regular settlement, the total revenue in July 2023 stood at ₹69,558 crore for the Centre under CGST and ₹70,811 crore for the States under SGST.
      In July 2023, the revenue reported a growth of 11% compared to the GST revenue from the corresponding month in the previous year.
      GST-revenue-collections-enormously-increased says-Sitharaman
      GST-revenue-collections-enormously-increased says-Sitharaman
      Revenue garnered from domestic transactions, inclusive of service imports, also marked a 15% increase compared to the same period last year.
      This is the fifth instance of gross GST collection crossing the benchmark of Rs. 1.60 lakh crore.
      The following chart presents monthly gross GST earnings trends in the ongoing year. Table-1 outlines the GST amounts gathered by respective states in July 2023 in comparison with July 2022.
      gst chart
      Table-2 reveals the segments of the IGST, specifically the SGST and SGST portions, allocated to the States/UTs in July 2023.

      State-wise growth of GST Revenues during July 2023[1] (Rs. in crore)

      State/UT July’22 July’23 Growth(%)
      Jammu and Kashmir 431 549 27
      Himachal Pradesh 746 917 23
      Punjab 1733 2000 15
      Chandigarh 176 217 23
      Uttarakhand 1390 1607 16
      Haryana 6791 7953 17
      Delhi 4327 5405 25
      Rajasthan 3671 3988 9
      Uttar Pradesh 7074 8802 24
      Bihar 1264 1488 18
      Sikkim 249 314 26
      Arunachal Pradesh 65 74 13
      Nagaland 42 43 3
      Manipur 45 42 -7
      Mizoram 27 39 47
      Tripura 63 78 23
      Meghalaya 138 175 27
      Assam 1040 1183 14
      West Bengal 4441 5128 15
      Jharkhand 2514 2859 14
      Odisha 3652 4245 16
      Chhattisgarh 2695 2805 4
      Madhya Pradesh 2966 3325 12
      Gujarat 9183 9787 7
      Daman and Diu 313 354 13
      Dadra and Nagar Haveli
      Maharashtra 22129 26064 18
      Karnataka 9795 11505 17
      Goa 433 528 22
      Lakshadweep 2 2 45
      Kerala 2161 2381 10
      Tamil Nadu 8449 10022 19
      Puducherry 198 216 9
      Andaman and Nicobar Islands 23 31 32
      Telangana 4547 4849 7
      Andhra Pradesh 3409 3593 5
      Ladakh 20 23 13
      Other Territory 216 226 4
      Center Jurisdiction 162 209 29
      Grand Total 106580 123026 15

      [1] Does not include GST on import of goods

      Amount of SGST & SGST portion of IGST settled to States/UTs in July’2023 (Rs. in crore)

      State/UT SGST collection SGST portion of IGST Total
      Jammu and Kashmir 234 429 663
      Himachal Pradesh 233 285 518
      Punjab 727 1138 1865
      Chandigarh 57 133 190
      Uttarakhand 415 210 625
      Haryana 1610 1256 2866
      Delhi 1221 1606 2827
      Rajasthan 1380 1819 3199
      Uttar Pradesh 2751 3426 6176
      Bihar 718 1469 2187
      Sikkim 30 53 83
      Arunachal Pradesh 37 113 150
      Nagaland 18 70 88
      Manipur 23 58 80
      Mizoram 22 57 79
      Tripura 40 86 125
      Meghalaya 50 99 149
      Assam 451 696 1146
      West Bengal 1953 1531 3483
      Jharkhand 721 330 1051
      Odisha 1300 416 1716
      Chhattisgarh 627 382 1009
      Madhya Pradesh 1045 1581 2626
      Gujarat 3293 1917 5210
      Dadra and Nagar Haveli and Daman and Diu 56 29 85
      Maharashtra 7958 4167 12124
      Karnataka 3181 2650 5831
      Goa 173 146 320
      Lakshadweep 2 13 14
      Kerala 1093 1441 2534
      Tamil Nadu 3300 2119 5419
      Puducherry 41 57 99
      Andaman and Nicobar Islands 11 25 37
      Telangana 1623 1722 3345
      Andhra Pradesh 1199 1556 2755
      Ladakh 11 47 58
      Other Territory 19 55 75
      Grand Total 37623 33188 70811

      source: PIB

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      Tags: 5th instancedomestic transactionsgrowthGST revenueGST revenuesIGSTJuly 2023SGSTstates
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