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GST collections for July month go beyond Rs 1.65 lakh crore

Published: Aug 01, 2023

By TIOL News Service

NEW DELHI, AUG 01, 2023: THE gross GST revenue collected in the month of July, 2023 is Rs 1,65,105 crore of which CGST is Rs 29,773 crore, SGST is Rs 37,623 crore, IGST is Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess is Rs 11,779 crore (including Rs 840 crore collected on import of goods).

The government has settled Rs 39,785 crore to CGST and Rs 33,188 crore to SGST from IGST. The total revenue of Centre and the States in the month of July 2023 after regular settlement is Rs 69,558 crore for CGST and Rs 70,811 crore for the SGST.

The revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year. It is for the fifth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark.  

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

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

[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)