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₹1,49,577 crore gross GST revenue collected in February 2023; 12% higher than GST revenues in same month last year

GST expert by GST expert
March 1, 2023
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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%
To read Press Release CLICK ME.

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