June 2023 GST revenue rose 12% YoY to Rs 1,61,497 crore. This marks the fourth time collections have exceeded the Rs 1.6 lakh crore benchmark.
Goods and Services Tax (GST) collections for June 2023 reached an impressive Rs. 1,61,497 crore, showing an increase from the previous month’s Rs. 1,57,090 crore. This figure represents the second-highest monthly collection recorded since April 2023. Furthermore, June 2023 marks the fourth instance where GST collections have exceeded the Rs. 1.6 lakh crore threshold since the tax system’s inception. While May 2023 experienced a slight dip compared to April 2023’s peak of Rs. 1,87,035 crore, the June 2023 collection demonstrates a strong 12% year-on-year growth.
Breakdown of June 2023 GST Revenue
The June 2023 GST collections comprised Rs. 31,013 crore for Central GST (CGST), Rs. 38,292 crore for State GST (SGST), and Rs. 80,292 crore for Integrated GST (IGST). A significant portion of the IGST, specifically Rs. 39,035 crore, came from imported goods. According to a recent PIB report, cess collections amounted to Rs. 11,900 crore, with Rs. 1,028 crore from imported goods. The government also settled Rs. 36,224 crore for CGST and Rs. 30,269 crore for SGST from the total IGST collected in June 2023. Consequently, the final revenue for the Central government was Rs. 67,237 crore, and for state governments, it was Rs. 68,561 crore after these settlements.
Analysis of June 2023 GST Performance
June 2023 stands out as the fourth time monthly GST collections have surpassed the Rs. 1.6 lakh crore mark since the tax regime’s introduction. The collections have consistently exceeded Rs. 1.4 lakh crore for sixteen consecutive months and crossed Rs. 1.5 lakh crore on seven occasions. Revenue generated from domestic transactions, including service imports, demonstrated an 8% year-on-year increase. Overall, GST revenues for June 2023 were 12% higher than the Rs. 1,44,616 crore collected in June 2022. Following a minor decrease in May 2023, GST collections have shown a steady increase since April 2023, indicating a positive trajectory for the fiscal year FY 2023-24, driven by economic recovery.
State-wise GST Collections for June 2023
In June 2023, Lakshadweep reported the most substantial year-on-year growth in GST collection, surging by 3316%. Nagaland followed with a remarkable 136% increase. Other regions experiencing significant growth included Mizoram, Andaman and Nicobar Islands, Arunachal Pradesh, Pradesh, and Jammu and Kashmir. Consistent with prior months, Maharashtra led in absolute GST collections for June 2023, accumulating Rs. 26,098 crore. States such as Karnataka, Gujarat, Tamil Nadu, Uttar Pradesh, and Haryana also demonstrated strong collection figures, mirroring their performance in previous periods. Notably, no state or Union Territory experienced a decline in GST collections during June 2023.
| State/UT | June 2022 | June 2023 | Growth(%) |
|---|---|---|---|
| Jammu and Kashmir | 371.83 | 588.68 | 58% |
| Himachal Pradesh | 693.14 | 840.61 | 21% |
| Punjab | 1,682.50 | 1,965.93 | 17% |
| Chandigarh | 169.7 | 227.06 | 34% |
| Uttarakhand | 1,280.92 | 1,522.55 | 19% |
| Haryana | 6,713.89 | 7,988.18 | 19% |
| Delhi | 4,313.36 | 4,744.11 | 10% |
| Rajasthan | 3,385.95 | 3,892.01 | 15% |
| Uttar Pradesh | 6,834.51 | 8,104.15 | 19% |
| Bihar | 1,232.06 | 1,437.06 | 17% |
| Sikkim | 256.37 | 287.51 | 12% |
| Arunachal Pradesh | 58.53 | 90.62 | 55% |
| Nagaland | 33.58 | 79.2 | 136% |
| Manipur | 38.79 | 60.37 | 56% |
| Mizoram | 25.85 | 55.38 | 114% |
| Tripura | 62.99 | 75.15 | 19% |
| Meghalaya | 152.59 | 194.14 | 27% |
| Assam | 972.07 | 1,213.05 | 25% |
| West Bengal | 4,331.41 | 5,053.87 | 17% |
| Jharkhand | 2,315.14 | 2,830.21 | 22% |
| Odisha | 3,965.28 | 4,379.98 | 10% |
| Chhattisgarh | 2,774.42 | 3,012.03 | 9% |
| Madhya Pradesh | 2,837.35 | 3,385.21 | 19% |
| Gujarat | 9,206.57 | 10,119.71 | 10% |
| Dadra and Nagar Haveli and Daman & Diu | 349.7 | 339.31 | -3% |
| Maharashtra | 22,341.40 | 26,098.78 | 17% |
| Karnataka | 8,844.88 | 11,193.20 | 27% |
| Goa | 428.63 | 480.43 | 12% |
| Lakshadweep | 0.64 | 21.86 | 3316% |
| Kerala | 2,160.89 | 2,725.08 | 26% |
| Tamil Nadu | 8,027.25 | 9,600.63 | 20% |
| Puducherry | 182.46 | 210.38 | 15% |
| Andaman and Nicobar Islands | 22.36 | 35.98 | 61% |
| Telangana | 3,901.45 | 4,681.39 | 20% |
| Andhra Pradesh | 2,986.52 | 3,477.42 | 16% |
| Ladakh | 13.22 | 14.57 | 10% |
| Other Territory | 205.3 | 227.42 | 11% |
| Center Jurisdiction | 143.42 | 179.62 | 25% |
| Grand Total | 103317.18 | 121433.52 | 18% |
State-wise SGST Settlement from IGST in June 2023
The Press Information Bureau (PIB) also published data detailing the SGST amounts disbursed to various states and Union Territories from the Integrated GST collections made in June 2023. Maharashtra, Uttar Pradesh, and Karnataka received the largest shares, as illustrated in the following table. The Ministry of Finance released the June 2023 GST collection figures in a press release through the PIB on July 1, 2023.
| State/UTs | Amount (Rs. In crore) |
|---|---|
| Jammu and Kashmir | 417.85 |
| Himachal Pradesh | 222.35 |
| Punjab | 961.45 |
| Chandigarh | 122.21 |
| Uttarakhand | 221.64 |
| Haryana | 1,153.80 |
| Delhi | 1,136.95 |
| Rajasthan | 1,554.76 |
| Uttar Pradesh | 3,236.11 |
| Bihar | 1,491.33 |
| Sikkim | 39.3 |
| Arunachal Pradesh | 105.43 |
| Nagaland | 61.38 |
| Manipur | 49.88 |
| Mizoram | 55.95 |
| Tripura | 84.46 |
| Meghalaya | 86.75 |
| Assam | 743.95 |
| West Bengal | 1,503.81 |
| Jharkhand | 304.92 |
| Odisha | 409.84 |
| Chhattisgarh | 366.81 |
| Madhya Pradesh | 1,606.95 |
| Gujarat | 1,571.56 |
| Dadra and Nagar Haveli and Daman and Diu | 27.97 |
| Maharashtra | 3,484.55 |
| Karnataka | 2,688.90 |
| Goa | 162.97 |
| Lakshadweep | 4.8 |
| Kerala | 1,415.11 |
| Tamil Nadu | 1,873.31 |
| Puducherry | 184.21 |
| Andaman and Nicobar Islands | 24.33 |
| Telangana | 1,621.37 |
| Andhra Pradesh | 1,159.88 |
| Ladakh | 28.68 |
| Other Territory | 82.97 |
| Total | 30,268.53 |
