Press Release: 01/06/2023
In May 2023, an impressive sum of Rs. 1,57,090 crores has been amassed as Gross GST revenue. The Government has diligently allocated Rs. 35,369 crore to CGST and Rs. 29,769 crore to SGST from IGST. Following the customary settlement, the total revenue for CGST stands at a commendable Rs. 63,780 crores, while the SGST boasts a remarkable Rs. 65,597 crores.
These revenues mark a substantial 12% increase compared to the GST revenues generated in the corresponding month of the previous year. Notably, revenue from imports of goods experienced a notable 12% surge, while domestic transactions (including import of services) displayed an impressive 11% growth compared to the revenues derived from these sources in the same month last year.