The fourth time gross GST collections has crossed the Rs.1.60 lakh cr mark in 2023-24
The gross GST revenue for September rose 2.2 percent to Rs.1,62,712 crore from Rs.1,59,069 crore in August. It is the fourth time that the gross GST collection has crossed the Rs.1.60 lakh crore mark in 2023-24.
Out of the Rs.1,62,712 crore GST collections for September, CGST was Rs.29,818 crore, SGST was Rs.37,657 crore, IGST was Rs.83,623 crore (including Rs.41,145 crore collected on import of goods) and cess was Rs.11,613 crore (including Rs.881 crore collected on import of goods).
The government settled Rs.33,736 crore to CGST and Rs.27,578 crore to SGST from IGST.
The total revenue of Centre and the states in September after the regular settlement was Rs.63,555 crore for CGST and Rs.65,235 crore for the SGST.
The gross GST collection for the first half of 2023-24 ending September (Rs.9,92,508 crore) is 11 percent higher than the gross GST collection in the first half of 2022-23 (Rs.8,93,334 crore).
[With Inputs from IANS]
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