GST Collection in June 2023: Goods and Services Tax i.e. GST has accomplished six years of implementation. In these six years, the GST system has not solely stabilized, however has additionally began incomes quite a bit to the exchequer. Once once more within the month of June, the federal government exchequer has earned an amazing quantity from GST.

greater than a yr in the past

The Finance Ministry right now introduced the GST knowledge for the month of June 2023 on July 1. According to authorities knowledge, the federal government obtained Rs 1.61 lakh crore from GST in the course of the month of June 2023, which is a rise of 12 per cent over the year-ago interval. Earlier, in the course of the month of May additionally there was a rise of 12 p.c in GST assortment.

This was the gathering in May

Earlier, in the course of the month of May, the federal government had obtained a income of Rs 1.57 lakh crore from GST. This incomes to the exchequer throughout May 2023 was 12 p.c greater than a yr in the past i.e. May 2022. Just earlier than May i.e. in the course of the month of April, GST had made its finest ever report. During the month of April, the federal government had earned Rs 1.87 lakh crore from GST.

This report was made final month

The figures of GST assortment present that the federal government is incomes handsomely from this. In the historical past of 6 years of GST, there have been 6 such events thus far, when the income obtained from GST has been greater than Rs 1.5 lakh crore. At the identical time, it has additionally been the fourth month when the GST assortment has exceeded Rs 1.60 lakh crore. Not solely this, however the final month i.e. June 2023 was the fifteenth consecutive month when the federal government has succeeded in gathering greater than Rs 1.4 lakh crore income from GST.

1.61 lakh crore got here on this approach

If you have a look at the figures for the month of June, Rs 31,013 crore has been obtained from Central GST (CGST), Rs 38,292 crore from State GST (SGST) and Rs 80,292 crore from Integrated GST (IGST), of which Rs 39,095 crore was collected on the import of products. Includes Rs. Apart from this, the federal government has obtained Rs 11,900 crore from Cess.

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