Rs 1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

New Delhi: 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 the import of goods was 3% higher and the revenues from domestic transactions (including import of services) were 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.

Table-1: State-wise Y-o-Y growth of GST Revenue in August, 2023 (Rs. In crore)

Table 2: Amount of SGST & SGST portion of IGST settled to States/UTs in August 2023 (Rs. In crore)