Rs 1,65,105 Crore gross GST revenue collected for July, Odisha Registers 16 Percent Growth

0
385

By Our Correspondent

NEW DELHI/BHUBANESWAR:  Odisha which had collected Rs 3652 crore in July 2022, with 16 % growth, the eastern State has collected Rs 4245 crore in July 2023. Odisha also got Rs 1716 Crore as amount of SGST & SGST portion of IGST settled to States/UTs in July.

The gross GST revenue collected in the month of July, 2023 is ₹1,65,105 crore of which CGST is ₹29,773 crore, SGST is ₹37,623 crore, IGST is ₹85,930 crore (including ₹ 41,239 crore collected on import of goods) and cess is ₹11,779 crore (including ₹ 840 crore collected on import of goods).

The government has settled ₹39,785 crore to CGST and ₹33,188 crore to SGST from IGST. The total revenue of Centre and the States in the month of July 2023 after regular settlement is ₹69,558 crore for CGST and ₹70,811 crore for the SGST.

The revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year. It is for the fifth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here