Quick Summary
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth Monthly GST revenues more than ₹1.4 lakh crore for 14 months in a row, with ₹1.5 lakh crore crossed for the 5th time since inception of GST Revenue from import of goods 12% higher Y-o-Y; Domestic transactions (including import of services) revenue 11% higher Y-o-Y The gross Good Services Tax (GST) revenue collected in the month of May, 2023 is₹1,57,090 croreof which CGST is₹28,411 crore, SGST is₹35
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FAQ :
The gross GST revenue collected in May 2023 was ₹1,57,090 crore.
The GST revenues for May 2023 were 12% higher than those collected in May 2022.
Revenue from the import of goods was 12% higher in May 2023 compared to the same month last year.
Revenues from domestic transactions, including the import of services, were 11% higher in May 2023 than in May 2022.
Monthly GST revenues have exceeded ₹1.4 lakh crore for 14 months in a row.
The ₹1.5 lakh crore mark has been crossed for the 5th time since the inception of GST.
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