India’s gross Good & Services Tax (GST) revenue collected in the month of May, 2023 cross Rs 1.57 lakh crore, of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess is ₹11,489 crore (including ₹1,057 crore collected on import of goods).
The government settled ₹35,369 crore to CGST and ₹29,769 crore to SGST from IGST. The total revenue of Centre and the States in the month of May 2023 after regular settlement is ₹63,780 crore for CGST and ₹65,597 crore for the SGST.
As per the Government, the revenue for May 2023 are 12% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 12% higher and the revenues from domestic transactions (including import of services) are 11% higher than the revenues from these sources during the same month last year.
Mizoram recorded a revenue growth of 52%, followed closely by Arunachal Pradesh at 47%, Delhi at 25%, and Meghalaya and Madhya Pradesh, both experiencing a 23% increase in revenues. Odisha, Kerala, and Andhra Pradesh witnessed an 11% growth, while Karnataka saw a 12% rise, and Tamil Nadu and Telangana observed a 13% increase in revenues.
