GST collection rises 12% to over Rs. 1.61 lakh crore in June 2023

September 16, 2023 admin 0 Comments Central Goods and Services Tax (CGST), goods and services tax (GST), Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST)

The gross Goods and Services Tax (GST) revenue collected in June 2023 was Rs. 1,61,497 crore, 12% higher than in the same month last year, according to data released by the finance ministry.

Out of the gross GST collected, Central Goods and Services Tax (CGST) comprised Rs. 31,013 crore, State Goods and Services Tax (SGST) Rs. 38,292 crore, Integrated Goods and Services Tax (IGST) Rs. 80,292 crore (including Rs. 39,035 crore collected on import of goods) and cess Rs. 11,900 crore (including Rs. 1,028 crore collected on import of goods).

The government has settled Rs. 36,224 crore to CGST and Rs. 30,269 crore to SGST from IGST. The total revenue of Centre and the states in June 2023 after regular settlement is Rs. 67,237 crore for CGST and Rs. 68,561 crore for SGST, said a finance ministry statement.