TNPSC Current Affairs | Gross GST revenue growth slowed to 10.2% in Septx

Gross GST revenue growth slowed to 10.2% in Septx

02-10-2023

Indian Economy Current Affairs Analysis

GST Collection in September 2023 : Rs. 1.63 Lakh Crore

Fourth time gross GST has crossed the ₹1.60 lakh crore mark in 2023-24

Revenues from domestic transactions, including services imports, were 14% higher than the tax collected from these sources during September 2022

Last month’s GST revenues, based on transactions carried out in August

Central GST (CGST) - ₹29,818 crore,

State GST (SGST) ₹37,657 crore

Integrated GST (IGST) - ₹83,623 crore

It includes ₹41,145 crore collected on goods imports.

GST compensation cess : ₹11,613 crore

Distribution of IGST to:

CGST ₹33,736 crore

SGST ₹27,578 crore

The total revenue of Centre and the States in the month of September, 2023

CGST -₹63,555 crore

SGST- ₹65,235 crore