₹1,60,122 crore gross GST revenue collected for March 2023
Second highest collection ever, next only to the collection in April 2022
Monthly GST revenues more than ₹1.4 lakh crore for 12 months in a row, with ₹1.6 lakh crore crossed for the 2nd time since inception of GST
GST revenues clock 13% growth Year-on-Year
Total gross collection for 2022-23 stands at ₹18.10 lakh crore; average gross monthly collection for the full year is ₹1.51 lakh crore
Gross revenues in 2022-23 were 22% higher than that last year
Posted On: 01 APR 2023 4:01PM by PIB Delhi
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