Mar 02: The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore (including ₹35,689 crores collected on import of goods) and Cess is ₹11,931 crore (including ₹792 crores collected on import of goods)
The government has settled ₹34,770 crores to CGST and ₹29,054 crores to SGST from IGST as regular settlement. The total revenue of the Centre and the States after regular settlements in the month of February 2023 is ₹62,432 crore for CGST and ₹63,969 crores for the SGST. In addition, the Centre had also released a balance GST compensation of ₹16,982 crores for the month of June 2022 and ₹16,524 crores to States/UTs which have sent AG-certified figures for the previous period.
The revenues for the month of February 2023 are 12% higher than the GST revenues in the same month last year, which was Rs. 1,33,026 crore. During the month, revenues from the import of goods were 6% higher and the revenues from the domestic transaction (including import of services) are 15% higher than the revenues from these sources during the same month last year. This month witnessed the highest cess collection of ₹11,931 crores since the implementation of GST. Normally, February is a 28-day month, witnessing a relatively lower collection of revenue.
The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of February 2023 as compared to February 2022.
State-wise growth of GST Revenues during February 2023
|Jammu and Kashmir||326||434||33%|
|Dadra and Nagar Haveli||260||283||9%|
|Andaman and Nicobar Islands||22||31||40%|