Rs.1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth


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New Delhi, Jun 01, 2023, PIB


The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is
₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363
crore (including ₹41,772 crore collected on import of goods) and cess is ₹11,489 crore
(including ₹1,057 crore collected on import of goods).
The government has settled ₹35,369 crore to CGST and ₹29,769 crore to SGST from IGST. The
total revenue of Centre and the States in the month of May 2023 after regular settlement is
₹63,780 crore for CGST and ₹65,597 crore for the SGST.
The revenues for the month of May 2023 are 12% higher than the GST revenues in the same
month last year. During the month, revenue from import of goods was 12% higher and the
revenues from domestic transactions (including import of services) are 11% higher than the
revenues from these sources during the same month last year.
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 May 2023 as
compared to May 2022.