Rs 1,61-cr GST mop-up in June; 12% higher y-on-y

The gross goods and services tax (GST) revenue collected in June was Rs 161,497 crore of which Central GST (CGST) was Rs 31,013 crore, state GST (SGST) Rs 38,292 crore, and integrated GST (IGST) Rs 80,292 crore.

The government has settled Rs 36,224 crore to CGST and Rs 30,269 crore to SGST from IGST. The total revenue of the Centre and states in June, after regular settlement, was Rs 67,237 crore for CGST and Rs 68,561 crore for SGST.

The revenues for June were 12 per cent higher than the GST revenues in the same month last year. In June 2023, the revenues from domestic transactions (including import of services) were 18 per cent higher than the revenues from these sources during June 2022.

It is for the fourth time that the gross GST collection crossed Rs 1.6-lakh-crore mark. The average monthly gross GST collections for the first quarter of 2021-22, 2022-23, and 2023-24 were Rs 1.1 lakh crore, Rs 1.51 lakh crore, and Rs 1.69 lakh crore, respectively.