Goods and Services Tax (GST) collections in India increased by 11 per cent in July on a year-on-year (YoY) basis. The data released by Nirmala Sitharaman, Finance Minister reported a GST collection of Rs 1.65 lakh crore In July, an increase of 2.2 per cent from the GST collections reported in June in the same year. 

This is the fifth month in a row, where GST collections have crossed the Rs 1.5 lakh crore mark, the ministry stated in its official release. "During the month, the revenues from domestic transactions (including import of services) are 15 per cent higher than the revenues from these sources during the same month last year," the ministry added. 

Mizoram reported the largest growth in GST collected in all the states, with a 47 per cent increase on a YoY basis. Maharashtra became the largest contributor in GST collections with a state-wise revenue of Rs 26,064 crore in July, 2023. 

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According to the 2023-24 Budget, the government expects a 12 per cent rise in its GST collections for the current fiscal year. 

The government has settled Rs 39,785 crore to CGST and Rs 33,188 crore to SGST from IGST. The total revenue of Centre and the states in the month of July 2023 after regular settlement is Rs 69,558 crore for CGST and Rs 70,811 crore for the SGST.

The revenues for the month of July 2023 are 11 per cent higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 15 per cent higher than the revenues from these sources during the same month last year. It is for the fifth time, the gross GST collection has crossed Rs 1.60 lakh crore mark. 

State-wise growth of GST revenues during July 2023 (Rs in crore)

State/UT

July’22

July’23

Growth(%)

Jammu and Kashmir

431

549

27

Himachal Pradesh

746

917

23

Punjab

1733

2000

15

Chandigarh

176

217

23

Uttarakhand

1390

1607

16

Haryana

6791

7953

17

Delhi

4327

5405

25

Rajasthan

3671

3988

9

Uttar Pradesh

7074

8802

24

Bihar

1264

1488

18

Sikkim

249

314

26

Arunachal Pradesh

65

74

13

Nagaland

42

43

3

Manipur

45

42

-7

Mizoram

27

39

47

Tripura

63

78

23

Meghalaya

138

175

27

Assam

1040

1183

14

West Bengal

4441

5128

15

Jharkhand

2514

2859

14

Odisha

3652

4245

16

Chhattisgarh

2695

2805

4

Madhya Pradesh

2966

3325

12

Gujarat

9183

9787

7

Daman and Diu

313

354

13

Dadra and Nagar Haveli

Maharashtra

22129

26064

18

Karnataka

9795

11505

17

Goa

433

528

22

Lakshadweep

2

2

45

Kerala

2161

2381

10

Tamil Nadu

8449

10022

19

Puducherry

198

216

9

Andaman and Nicobar Islands

23

31

32

Telangana

4547

4849

7

Andhra Pradesh

3409

3593

5

Ladakh

20

23

13

Other Territory

216

226

4

Center Jurisdiction

162

209

29

Grand Total

106580

123026

15