The gross GST collections in June stood at around ₹1.74 lakh crore. Image for representation purposes only. File
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The gross Goods and Services Tax (GST) collections in June stood at around ₹1.74 lakh crore, as per sources, reflecting a rise of around 7.7% from the ₹1,61,497 crore collected in June 2023.
This marks the slowest growth in GST collections since July 2021 and is well below the 10% and 12.4% growth recorded in May and April, respectively, this year.
While data for Central and State GST collections is not available, an official source said that about ₹39,600 crore has been settled to the central GST account from Integrated GST (IGST) collections, while States have been given ₹33,548 crore from the IGST pool.
In June 2023, IGST collections stood at ₹80,292 crore, including ₹ 39,035 crore collected on import of goods. From that kitty, the government had settled ₹36,224 crore to CGST and ₹30269 crore to SGST.
For this June, total IGST collections are not known at this point, nor is there a breakdown available of the revenues from domestic transactions, including services imports, and the GST revenues from goods imports.
