NEW DELHI: The disgusting VAT (GST) Revenue recorded in June 2023 was ₹1,61,497 crore, up 12% from the same month last year, according to data released by the Treasury Department on Saturday.
Out of the gross GST collected Central goods and services tax (CGST) comprised ₹31,013 crore, State Goods and Services Tax (SGST) ₹38,292 crore, Integrated Goods and Services Tax (IGST) ₹80,292 crore (including ₹39,035 crore collected on import of goods) and cess ₹11,900 crore (including ₹1,028 crore collected on import of goods).
Out of the gross GST collected Central goods and services tax (CGST) comprised ₹31,013 crore, State Goods and Services Tax (SGST) ₹38,292 crore, Integrated Goods and Services Tax (IGST) ₹80,292 crore (including ₹39,035 crore collected on import of goods) and cess ₹11,900 crore (including ₹1,028 crore collected on import of goods).
The Government settled ₹36,224 crore to CGST and ₹30,269 crore to SGST from IGST. The total revenue of the center and the states in June 2023 after regular accounting is ₹67,237 crore for CGST and ₹68,561 crore for SGST, according to a Treasury Department statement.
During the month, receipts from domestic transactions (including import of services) are 18% higher than receipts from these sources in the same month last year.
It is the fourth time that gross GST revenue has surpassed Rs.1.60 lakh crore. The average monthly gross GST revenue for the first quarter of FY2021-22, FY22-23 and FY23-24 is 1.10 lakh crore, Rs 1.51 lakh crore and Rs 1.69 lakh crore respectively.
