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₹1,49,577 Crore Gross GST Revenue Collected in February 2023

12% YoY Growth Registered GST revenues in same month last year

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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[1]

StateFeb-22Feb-23Growth
Jammu and Kashmir32643433%
Himachal Pradesh6576915%
Punjab1,4801,65112%
Chandigarh1781885%
Uttarakhand1,1761,40520%
Haryana5,9287,31023%
Delhi3,9224,76922%
Rajasthan3,4693,94114%
Uttar Pradesh6,5197,43114%
Bihar1,2061,49924%
Sikkim22226519%
Arunachal Pradesh567839%
Nagaland335464%
Manipur396464%
Mizoram2458138%
Tripura667920%
Meghalaya201189-6%
Assam1,0081,11110%
West Bengal4,4144,95512%
Jharkhand2,5362,96217%
Odisha4,1014,51910%
Chhattisgarh2,7833,0098%
Madhya Pradesh2,8533,23513%
Gujarat8,8739,5748%
Dadra and Nagar Haveli2602839%
Maharashtra19,42322,34915%
Karnataka9,17610,80918%
Goa36449335%
Lakshadweep13274%
Kerala2,0742,32612%
Tamil Nadu7,3938,77419%
Puducherry1781885%
Andaman and Nicobar Islands223140%
Telangana4,1134,4248%
Andhra Pradesh3,1573,55713%
Ladakh162456%
Other Territory13621155%
Centre Jurisdiction167154-8%
Total98,5501,13,09615%

 

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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