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% |