New Delhi : The country’s Goods and Services Tax (GST) collections climbed 10.2 percent year-on-year in September to Rs 1.63 lakh crore, the Ministry of Finance said on October 1. At Rs 1.63 lakh crore, the September GST collections is 2.3 percent higher than what was collected in August. It is for the fourth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24.
Out of the Rs.1,62,712 crore CGST is Rs.29,818 crore, SGST is Rs.37,657 crore, IGST is Rs.83,623 crore (including Rs.41,145 crore collected on import of goods) and cess is Rs.11,613 crore (including Rs.881 crore collected on import of goods).
The government has 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 the month of September, 2023 after regular settlement is Rs.63,555 crore for CGST and Rs.65,235 crore for the SGST.
The gross GST collection for the first half of the FY 2023-24 ending September, 2023 [Rs.9,92,508 crore] is 11% higher than the gross GST collection in the first half of FY 2022-23 [Rs.8,93,334 crore]. The average monthly gross collection in FY 2023-24 is Rs.1.65 lakh crore, which is 11% higher than average monthly gross collection for first half of FY 2022-23 where it was ₹1.49 lakh crore.