GST collections for May 2023 have seen a growth of 12% year-on-year, amounting to Rs 1.57 lakh crore

The Indian government recently announced that Goods and Services Tax (GST) revenues have exceeded 1.4 lakh crore rupees for 14 consecutive months, exceeding 1.5 lakh crore rupees for the fifth time since the GST was introduced.

GST Revenue

GST collections for May 2021 have seen a growth of 12% year-on-year, amounting to Rs 1.57 lakh crore. This marks the highest-ever collection for the month of May since the introduction of the Goods and Services Tax (GST) in 2017. This is a significant increase compared to the same period last year and indicates that economic activity in the country is picking up.

It is important to note that the highest-ever GST collection in the month of May was recorded in April 2021, which was Rs 1.41 lakh crore. This was mainly attributed to the increase in economic activity due to the unlocking of the economy post-COVID-19.

The steady rise in GST collections shows that businesses are slowly getting back on track. It also indicates that compliance levels are increasing as more and more businesses are registering under GST.

The increase in GST collections is expected to benefit the government, as it will help to boost revenue and help to meet its fiscal targets. This in turn, will help the government to fund the various initiatives that were announced in the recent Union Budget.

Overall, the increase in GST collections is a positive development and is an indication that the economy is slowly but surely recovering from the impacts of the pandemic.

A gross revenue of 1,57,090 crore was collected from the Goods & Services Tax (GST) in the month of May, 2023, which was composed of CGST (28,411 crore), SGST (35,828 crore), IGST (41,772 crore collected on imports) and cess (11,489 crore collected on imports).

GST Collection In May 2023 


🚨 *Top 10 GST Revenue States in May, 2023.

Maharashtra - 23,536 crore

Karnataka - 10,317 crore

Gujarat - 9,800 crore

Tamil Nadu - 8,953 crore

Uttar Pradesh - 7,468 crore

Haryana - 7,250 crore

W Bengal - 5,162 crore

Delhi - 5,147 crore

Telangana - 4,507 crore

Odisha - 4,398 crore


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