The gross GST revenue collected in the month of July, 2023 is ₹1,65,105 crore of which CGST is ₹29,773 crore, SGST is ₹37,623 crore, IGST is ₹85,930 crore (including ₹ 41,239 crore collected on import of goods) and cess is ₹11,779 crore (including ₹ 840 crore collected on import of goods).
The government has settled ₹39,785 crore to CGST and ₹33,188 crore to SGST from IGST. The total revenue of Centre and the States in the month of July 2023 after regular settlement is ₹69,558 crore for CGST and ₹70,811 crore for the SGST.
The revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year. It is for the fifth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark.
The chart below shows trends in monthly gross GST revenues during the current year. The table-1 shows the state-wise figures of GST collected in each State during the month of July 2023 as compared to July 2022.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1944590
___________________________________________________________________________________
📢 FREE Webinar on “Blockchain and Virtual digital asset with overall taxation implications including GST” by CA Riddhi Jain & Adv (CA) Bimal Jain
 |
|
🔖 Hurry UP !! Only few seats are left !! Register Now !! 🔖 A2Z Academy is Organizing a FREE Webinar On: 📢“Blockchain and Virtual digital asset with overall taxation implications including GST” 🗓️ Date: August 04, 2023, Friday ⏰ Time: 8:00 PM to 9:00 PM (IST) 🎤 Speakers: 👨🏻🏫 CA Riddhi Jain 👨🏻🏫 CA (Adv) Bimal Jain Registration Link 🔗: https://zoom.us/webinar/register/WN_Kbvufgm6TyW-avGx6_3mfw Coverage: ✔️ What is the current legal status of virtual digital assets in India? Limited seats available Follow us on our social media for more updates: |