GST Collections In August 2023 Grow 11% To Rs 1.6 Lakh Crore: Official Data
1 year, 3 months ago

GST Collections In August 2023 Grow 11% To Rs 1.6 Lakh Crore: Official Data

News 18  

GST collections in August 2023 jumped 11 per cent year-on-year to Rs 1.59 lakh crore, according to the official data released on Friday. “The gross GST revenue collected in the month of August, 2023 is Rs 1,59,069 crore of which CGST is Rs 28,328 crore, SGST is Rs 35,794 crore, IGST is Rs 83,251 crore and cess is Rs 11,695 crore,” the finance ministry said in a statement. “The revenues for the month of August 2023 are 11 per cent higher than the GST revenues in the same month last year. On the GST numbers, Pratik Jain, partner at Price Waterhouse & Co LLP, said, “GST collections are now regularly crossing 1.6 lac crore mark, which is higher than what was estimated for FY24.

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