₹1,49,577 crore gross GST revenue collected in February 2023; 12% higher than GST revenues in same month last year
Monthly GST revenues more than Rs 1.4 lakh crore for 12 straight months in a row
Y-o-Y revenues from import of goods 6% higher and domestic transaction (including import of services) 15% higher
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore (including ₹35,689 crore collected on import of goods) and Cess is ₹11,931 crore (including ₹792 crore collected on import of goods)
The government has settled ₹34,770 crore to CGST and ₹29,054 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of February 2023 is ₹62,432 crore for CGST and ₹63,969 crore for the SGST. In addition, Centre had also released balance GST compensation of ₹16,982 crore for the month of June 2022 and ₹16,524 crore to States/UTs which have sent AG certified figures for previous period.
The revenues for the month of February 2023 are 12% higher than the GST revenues in the same month last year, which was Rs. 1,33,026 crore. During the month, revenues from import of goods was 6% higher and the revenues from domestic transaction (including import of services) are 15% higher than the revenues from these sources during the same month last year. This month witnessed the highest cess collection of ₹11,931 crore since implementation of GST. Normally, February being a 28 day month, witnesses a relatively lower collection of revenue.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of February 2023 as compared to February 2022.
State-wise growth of GST Revenues during February 2023
|
State |
Feb-22 |
Feb-23 |
Growth |
|
Jammu and Kashmir |
326 |
434 |
33% |
|
Himachal Pradesh |
657 |
691 |
5% |
|
Punjab |
1,480 |
1,651 |
12% |
|
Chandigarh |
178 |
188 |
5% |
|
Uttarakhand |
1,176 |
1,405 |
20% |
|
Haryana |
5,928 |
7,310 |
23% |
|
Delhi |
3,922 |
4,769 |
22% |
|
Rajasthan |
3,469 |
3,941 |
14% |
|
Uttar Pradesh |
6,519 |
7,431 |
14% |
|
Bihar |
1,206 |
1,499 |
24% |
|
Sikkim |
222 |
265 |
19% |
|
Arunachal Pradesh |
56 |
78 |
39% |
|
Nagaland |
33 |
54 |
64% |
|
Manipur |
39 |
64 |
64% |
|
Mizoram |
24 |
58 |
138% |
|
Tripura |
66 |
79 |
20% |
|
Meghalaya |
201 |
189 |
-6% |
|
Assam |
1,008 |
1,111 |
10% |
|
West Bengal |
4,414 |
4,955 |
12% |
|
Jharkhand |
2,536 |
2,962 |
17% |
|
Odisha |
4,101 |
4,519 |
10% |
|
Chhattisgarh |
2,783 |
3,009 |
8% |
|
Madhya Pradesh |
2,853 |
3,235 |
13% |
|
Gujarat |
8,873 |
9,574 |
8% |
|
Dadra and Nagar Haveli |
260 |
283 |
9% |
|
Maharashtra |
19,423 |
22,349 |
15% |
|
Karnataka |
9,176 |
10,809 |
18% |
|
Goa |
364 |
493 |
35% |
|
Lakshadweep |
1 |
3 |
274% |
|
Kerala |
2,074 |
2,326 |
12% |
|
Tamil Nadu |
7,393 |
8,774 |
19% |
|
Puducherry |
178 |
188 |
5% |
|
Andaman and Nicobar Islands |
22 |
31 |
40% |
|
Telangana |
4,113 |
4,424 |
8% |
|
Andhra Pradesh |
3,157 |
3,557 |
13% |
|
Ladakh |
16 |
24 |
56% |
|
Other Territory |
136 |
211 |
55% |
|
Centre Jurisdiction |
167 |
154 |
-8% |
|
Total |
98,550 |
1,13,096 |
15% |
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