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₹1,60,122 crore gross GST revenue collected for March 2023

Newdelhi:1/4/23:The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is ₹37,314 crore, IGST is ₹82,907 crore (including ₹42,503 crore collected on import of goods) and cess is ₹10,355 crore (including ₹960 crore collected on import of goods). It is for the fourth time, in the current financial year that the gross GST collection has crossed ₹1.5 lakh crore mark registering second highest collection since implementation of GST. This month witnessed the highest IGST collection ever.

The government has settled ₹33,408 crore to CGST and ₹28,187 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States in the month of March 2023 after IGST settlement is ₹62,954 crore for CGST and ₹65,501 crore for the SGST.

The revenues for the month of March 2023 are 13% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 8% higher and the revenues from domestic transaction (including import of services) are 14% higher than the revenues from these sources during the same month last year. The return filing during March 2023 has been highest ever. 93.2% of statement of invoices (in GSTR-1) and 91.4% of returns (in GSTR-3B) of February were filed till March 2023 as compared to 83.1% and 84.7%, respectively same month last year.

The total gross collection for 2022-23 stands at ₹18.10 lakh crore and the average gross monthly collection for the full year is ₹1.51 lakh crore. The gross revenues in 2022-23 were 22% higher than that last year. The average monthly gross GST collection for the last quarter of the FY 2022-23 has been ₹1.55 lakh crore against the average monthly collection of ₹1.51 lakh crore, ₹1.46 lakh crore and ₹1.49 lakh crore in the first, second and third quarters respectively.

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 March 2023 as compared to March 2022.

State-wise growth of GST Revenues during March 2023[1]

(₹ crore)

State Mar-22 Mar-23 Growth (%)
1 Jammu and Kashmir 368 477 29.42
2 Himachal Pradesh 684 739 8.11
3 Punjab 1,572 1,735 10.37
4 Chandigarh 184 202 10.09
5 Uttarakhand 1,255 1,523 21.34
6 Haryana 6,654 7,780 16.93
7 Delhi 4,112 4,840 17.72
8 Rajasthan 3,587 4,154 15.80
9 Uttar Pradesh 6,620 7,613 15.01
10 Bihar 1,348 1,744 29.40
11 Sikkim 230 262 14.11
12 Arunachal Pradesh 105 144 37.56
13 Nagaland 43 58 35.07
14 Manipur 60 65 9.37
15 Mizoram 37 70 91.16
16 Tripura 82 90 10.21
17 Meghalaya 181 202 11.51
18 Assam 1,115 1,280 14.87
19 West Bengal 4,472 5,092 13.88
20 Jharkhand 2,550 3,083 20.92
21 Odisha 4,125 4,749 15.14
22 Chhattisgarh 2,720 3,017 10.90
23 Madhya Pradesh 2,935 3,346 14.01
24 Gujarat 9,158 9,919 8.31
25 Daman and Diu      
26 Dadra and Nagar Haveli 284 309 8.99
27 Maharashtra 20,305 22,695 11.77
29 Karnataka 8,750 10,360 18.40
30 Goa 386 515 33.33
31 Lakshadweep 2 3 30.14
32 Kerala 2,089 2,354 12.67
33 Tamil Nadu 8,023 9,245 15.24
34 Puducherry 163 204 24.78
35 Andaman and Nicobar Islands 27 37 38.88
36 Telangana 4,242 4,804 13.25
37 Andhra Pradesh 3,174 3,532 11.26
38 Ladakh 23 23 -3.66
97 Other Territory 149 249 66.48
99 Center Jurisdiction 170 142 -16.31
  Grand Total 1,01,983 1,16,659 14.39

[1]Does not include GST on import of goods

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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