The Goods and Services Tax (GST) collections jumped 10.8 per cent year-on-year (YoY) in August to Rs 1.59 lakh crore, the Ministry of Finance said on Friday. At Rs 1.59 lakh crore, the August GST collections is 3.7 per cent lower than the Rs 1.65 lakh crore collected in July and is the sixth month in a row that the monthly mop-up has come in above the Rs 1.5-lakh-crore mark. Revenues from domestic transactions (including import of services) are 14 per cent higher YoY, the finance ministry said.

This is the sixth-month in a row that the monthly GST mop-up has come in above the Rs 1.5 lakh crore-mark. According to the 2023-24 Budget, the Centre expected its GST collections to rise by 12 per cent in the current financial year.

According to the release by the ministry, the government has settled Rs 37,581 crore to CGST and Rs 31,408 crore to SGST from IGST. The total revenue of Centre and the states in August after regular settlement is Rs 65,909 crore for CGST and Rs 67,202 crore for the SGST.

The revenues for the month of August, 2023 are 11 per cent higher than the GST revenues in the same month last year.

During the month, revenue from import of goods was 3 per cent higher and the revenues from domestic transactions (including import of services) are 14 per cent higher than the revenues from these sources during the same month last year.

 State-wise YoY growth of GST revenue in August (In Rs crore)

State/UT

August'22

August'23

Growth(%)

Jammu and Kashmir

434

523

              21

Himachal Pradesh

709

725

                2

Punjab

1651

1813

              10

Chandigarh

179

192

                7

Uttarakhand

1094

1353

              24

Haryana

6772

7666

              13

Delhi

4349

4620

                6

Rajasthan

3341

3626

                9

Uttar Pradesh

6781

7468

              10

Bihar

1271

1379

                9

Sikkim

247

320

              29

Arunachal Pradesh

59

82

              39

Nagaland

38

51

              37

Manipur

35

40

              17

Mizoram

28

32

              13

Tripura

56

78

              40

Meghalaya

147

189

              28

Assam

1055

1148

                9

West Bengal

4600

4800

                4

Jharkhand

2595

2721

                5

Odisha

3884

4408

              14

Chhattisgarh

2442

2896

              19

Madhya Pradesh

2814

3064

                9

Gujarat

8684

9765

              12

Daman and Diu and Dadra and Nagar Haveli

311

 

324

 

                4

 

Maharashtra

18863

23282

              23

Karnataka

9583

11116

              16

Goa

376

509

              36

Lakshadweep

0

3

           853

Kerala

2036

2306

              13

Tamil Nadu

8386

9475

              13

Puducherry

200

231

              15

Andaman and Nicobar Islands

16

21

              35

Telangana

3871

4393

              13

Andhra Pradesh

3173

3479

              10

Ladakh

19

27

              39

Other Territory

224

184

           (18)

Center Jurisdiction

205

193

              (6)

Grand Total

100526

114503

              14

Source: Ministry of Finance