Rs 1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth

By | October 2, 2023
(Last Updated On: October 2, 2023)

₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth

GST collection crosses ₹1.60 lakh crore mark for the fourth time in FY 2023-24

₹9,92,508 crore gross GST collection for the first half of FY 2023-24 marks 11% Y-o-Y growth

Average monthly gross GST collection in FY 2023-24 at Rs. 1.65 lakh crore with 11% Y-o-Y growth

Posted On: 01 OCT 2023 3:40PM by PIB Delhi

The gross GST revenue collected in the month of September, 2023 is ₹1,62,712 crore out of which CGST is ₹29,818 crore, SGST is ₹37,657 crore, IGST is ₹83,623 crore (including ₹41,145 crore collected on import of goods) and cess is ₹11,613 crore (including ₹881 crore collected on import of goods).

The government has settled ₹33,736 crore to CGST and ₹27,578 crore to SGST from IGST. The total revenue of Centre and the States in the month of September, 2023 after regular settlement is ₹63,555 crore for CGST and ₹65,235 crore for the SGST.

The revenues for the month of September, 2023 are 10% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 14% higher than the revenues from these sources during the same month last year. It is for the fourth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24.

The gross GST collection for the first half of the FY 2023-24 ending September, 2023 [₹9,92,508 crore] is 11% higher than the gross GST collection in the first half of FY 2022-23 [₹8,93,334 crore]. The average monthly gross collection in FY 2023-24 is ₹1.65 lakh crore, which is 11% higher than average monthly gross collection for first half of FY 2022-23 where it was ₹1.49 lakh crore.

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 September 2023 as compared to September 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of September 2023.

Chart: Trends in GST Collection

State-wise growth of GST Revenues during September, 2023[1]

State/UTSep-22Sep-23Growth (%)
Jammu and Kashmir42856332%
Himachal Pradesh71278410%
Punjab1,7101,8669%
Chandigarh2062196%
Uttarakhand1,3001,3927%
Haryana7,4038,0098%
Delhi4,7414,8492%
Rajasthan3,3073,86917%
Uttar Pradesh7,0047,84412%
Bihar1,4661,397-5%
Sikkim28531511%
Arunachal Pradesh648127%
Nagaland49525%
Manipur385647%
Mizoram242714%
Tripura657313%
Meghalaya1611652%
Assam1,1571,1752%
West Bengal4,8044,9403%
Jharkhand2,4632,6237%
Odisha3,7654,24913%
Chhattisgarh2,2692,68418%
Madhya Pradesh2,7113,11815%
Gujarat9,02010,12912%
Dadra and Nagar Haveli and Daman & Diu31235012%
Maharashtra21,40325,13717%
Karnataka9,76011,69320%
Goa42949716%
Lakshadweep32-45%
Kerala2,2462,50512%
Tamil Nadu8,63710,48121%
Puducherry1881975%
Andaman and Nicobar Islands3323-30%
Telangana3,9155,22633%
Andhra Pradesh3,1323,65817%
Ladakh193581%
Other Territory2022072%
Center Jurisdiction1821968%
Grand Total1,05,6151,20,68614%

Table-2: SGST & SGST portion of IGST settled to States/UTs

April-September (Rs. in crore)

 Pre-Settlement SGSTPost-Settlement SGST[2]
State/UT2022-232023-24Growth2022-232023-24Growth
Jammu and Kashmir1,1381,51533%3,5464,10216%
Himachal Pradesh1,1501,31414%2,7702,7780%
Punjab3,8464,21610%9,21510,86918%
Chandigarh30033512%1,0021,14715%
Uttarakhand2,4012,5898%3,7084,0559%
Haryana9,0459,8649%14,94817,16115%
Delhi6,8727,63911%13,74615,66014%
Rajasthan7,5978,48812%16,46119,12916%
Uttar Pradesh13,71116,06917%32,54036,10911%
Bihar3,5674,09215%11,49712,67910%
Sikkim15326775%40654534%
Arunachal Pradesh25334335%8071,01326%
Nagaland10815543%47453914%
Manipur14317724%681566-17%
Mizoram9314758%41949117%
Tripura20625825%69679013%
Meghalaya22731137%71186021%
Assam2,5622,90613%5,9657,18120%
West Bengal10,75111,96011%18,78620,94912%
Jharkhand3,6614,46222%5,3526,04313%
Odisha7,2068,06812%9,09610,86919%
Chhattisgarh3,7204,13611%5,2926,45422%
Madhya Pradesh5,2216,32421%12,76815,35020%
Gujarat18,62820,83912%27,22631,10614%
Dadra and Nagar Haveli and Daman and Diu330315-5%566508-10%
Maharashtra42,04350,06219%62,01072,74117%
Karnataka17,19620,09717%31,07636,16216%
Goa9571,10916%1,6781,94016%
Lakshadweep514192%1660283%
Kerala6,0146,98616%14,59415,8278%
Tamil Nadu17,71220,15814%28,34531,77812%
Puducherry2332466%58072725%
Andaman and Nicobar Islands10111110%24727110%
Telangana8,1849,79020%17,68520,02313%
Andhra Pradesh6,2987,02812%13,49615,39014%
Ladakh639855%24530023%
Other Territory7811852%241542125%
Grand Total2,01,7712,32,60615%3,68,8884,22,71315%

****

NB/VM/KMN

 

[1]Does not include GST on import of goods

[2] Post-Settlement GST is cumulative of the GST revenues of the States/UTs and the SGST portion of the IGST settled to the States/UTs

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com