The Goods and Services Tax (GST) collections rose 12 per cent to over Rs 1.49 lakh crore in February, according to a statement by the finance ministry on Wednesday. February 2023 witnessed the highest cess collection of Rs 11,931 crore since implementation of the GST, the statement said.
The collections are, however, lower than the second highest Goods and Services Tax (GST) mop-up recorded in January at over Rs 1.57 lakh crore. The collections reached an all-time high of Rs 1.68 lakh crore in April 2022.
"The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)," the ministry said in a statement.
The revenues for the month of February 2023 are 12 per cent higher than the GST revenues in February 2022, which was Rs 1.33 lakh crore. In February, Central GST collections stood at Rs 27,662 crore, while State GST was Rs 34,915 crore. Integrated GST was Rs 75,069 crore and cess Rs 11,931 crore.
Despite the on-month fall in gross GST collections, February saw the highest ever monthly cess collection. Normally, February being a 28-day month, witnesses a relatively lower collection of revenue, the finance ministry said.
The government settled Rs 34,770 crore to Central GST and Rs 29,054 crore to State GST from Integrated GST. As such, post-settlement, the total revenue of the Centre and the states in February was Rs 62,432 crore and Rs 63,969 crore, respectively.
In addition, the Centre had also released balance GST compensation of Rs 16,982 crore for June 2022 and Rs 16,524 crore to States/Union Territories which have sent certified figures for the previous period, the finance ministry said.
State-wise growth of GST revenues in February
|
Feb-22 |
Feb-23 |
Growth (%) |
|
|
Jammu and Kashmir |
326 |
434 |
33 |
|
Himachal Pradesh |
657 |
691 |
5 |
|
Punjab |
1,480 |
1,651 |
12 |
|
Chandigarh |
178 |
188 |
5 |
|
Uttarakhand |
1,176 |
1,405 |
20 |
|
Haryana |
5,928 |
7,310 |
23 |
|
Delhi |
3,922 |
4,769 |
22 |
|
Rajasthan |
3,469 |
3,941 |
14 |
|
Uttar Pradesh |
6,519 |
7,431 |
14 |
|
Bihar |
1,206 |
1,499 |
24 |
|
Sikkim |
222 |
265 |
19 |
|
Arunachal Pradesh |
56 |
78 |
39 |
|
Nagaland |
33 |
54 |
64 |
|
Manipur |
39 |
64 |
64 |
|
Mizoram |
24 |
58 |
138 |
|
Tripura |
66 |
79 |
20 |
|
Meghalaya |
201 |
189 |
-6 |
|
Assam |
1,008 |
1,111 |
10 |
|
West Bengal |
4,414 |
4,955 |
12 |
|
Jharkhand |
2,536 |
2,962 |
17 |
|
Odisha |
4,101 |
4,519 |
10 |
|
Chhattisgarh |
2,783 |
3,009 |
8 |
|
Madhya Pradesh |
2,853 |
3,235 |
13 |
|
Gujarat |
8,873 |
9,574 |
8 |
|
Dadra and Nagar Haveli |
260 |
283 |
9 |
|
Maharashtra |
19,423 |
22,349 |
15 |
|
Karnataka |
9,176 |
10,809 |
18 |
|
Goa |
364 |
493 |
35 |
|
Lakshadweep |
1 |
3 |
274 |
|
Kerala |
2,074 |
2,326 |
12 |
|
Tamil Nadu |
7,393 |
8,774 |
19 |
|
Puducherry |
178 |
188 |
5 |
|
Andaman and Nicobar Islands |
22 |
31 |
40 |
|
Telangana |
4,113 |
4,424 |
8 |
|
Andhra Pradesh |
3,157 |
3,557 |
13 |
|
Ladakh |
16 |
24 |
56 |
|
Other Territory |
136 |
211 |
55 |
|
Centre Jurisdiction |
167 |
154 |
-8 |
|
Total |
98,550 |
1,13,096 |
15 |
Source: PIB