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India‘s gross Goods and Services Tax (GST) revenue collection in the month of June stood at Rs 1,61,497 crore, registering a rise of 12 per cent on a year-on year basis, the Ministry of Finance said on July 1st.
The GST collections for the month of May 2024 was recorded at Rs 1.73 lakh crore.
This was the fourth successive month that GST revenues have been over Rs 1.6 lakh crore mark.
Of the total gross GST revenue collected in June CGST is Rs 31,013 crore, SGST is Rs 38,292 crore, IGST is Rs 80,292 crore (including Rs 39,035 crore collected on import of goods) and cess is Rs 11,900 crore (including Rs 1,028 crore collected on import of goods).
” The government has settled Rs 36,224 crore to CGST and Rs 30,269 crore to SGST from IGST. The total revenue of Centre and the States in the month of June 2024 after regular settlement is Rs 67,237 crore for CGST and Rs 68,561 crore for the SGST,” the Finance Ministry said in a statement.
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