GST Collection January 2023: Second Highest Ever

Breaking News ?

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24% Increase ?

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Third Time Crossing the Mark ?

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Details of Collection ?

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Settlement of GST ?

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Total Revenue for Centre and States ?

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Efforts Paying Off ?

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Breaking News ?

India sees its 2nd highest ever GST collection in January 2023 at nearly Rs 1.56 lakh crore.

24% Increase ?

GST collection is up by 24% compared to last year's collection in January

Third Time Crossing the Mark ?

GST collection crosses the Rs 1.5 lakh crore-mark for the third time in the FY23

Details of Collection ?

The gross GST revenue collected includes CGST, SGST, IGST and Cess

Settlement of GST ?

The government has settled Rs 38,507 crore to CGST and Rs 32,624 crore to SGST from IGST as regular settlement

Total Revenue for Centre and States ?

The total revenue for Centre and states after regular settlement was Rs 67,470 crore for CGST and Rs 69,354 crore for SGST

Efforts Paying Off ?

The Ministry of Finance attributes the increase in GST collection to efforts to increase the tax base and improve compliance.

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