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June GST mop-up rises 12%, crosses ₹1.6L cr for 4th time since inception

The Morning Standard

|

July 02, 2023

THE monthly collection of goods and services tax (GST) crossed ₹1.6 lakh crore mark in June for the fourth time since inception, up 12% year-on-year, according to the government data released on Saturday.

June GST mop-up rises 12%, crosses ₹1.6L cr for 4th time since inception

Revenue collection from GST has witnessed a steady growth since its introduction in 2017.

This is the seventh time that the GST revenue has surpassed ₹1.5 lakh crore since GST regime was implemented. As per the data, of the total collection of ₹1.61 lakh crore, CGST is ₹31,013 crore, SGST is ₹38,292 crore and IGST is ₹80,292 crore (including ₹39,035 crore collected on import of goods) and cess is ₹11,900 crore (including ₹1,028 crore collected on import of goods).

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