Global News

[ad_1] NEW DELHI: The gross Goods and Services Tax ( GST ) revenue collected in June 2023 was ₹1,61,497 crore, 12% higher than in the same month last year, according to data released by the finance ministry on Saturday. Out of the gross GST collected, Central Goods and Services Tax ( CGST ) comprised ₹31,013 crore, State Goods and Services Tax (SGST) ₹38,292 crore, Integrated Goods and Services Tax ( IGST ) ₹80,292 crore (including ₹39,035 crore collected on import of goods) and cess ₹11,900 crore (including ₹1,028 crore collected on import of goods). The government has settled ₹36,224 crore to CGST and ₹30,269 crore to SGST from IGST. The total revenue of Centre and the states in June 2023 after regular settlement is ₹67,237 crore for CGST and ₹68,561 crore for SGST, said a finance ministry statement. During the month, revenues from domestic transactions (including import of services) are 18% higher than the revenues from these sources during the same month last year. It is fo

[ad_1] NEW DELHI: The gross Goods and Services Tax ( GST ) revenue collected in June 2023 was ₹1,61,497 crore, 12% higher than in the same month last year, according to data released by the finance ministry on Saturday. Out of the gross GST collected, Central Goods and Services Tax ( CGST ) comprised ₹31,013 crore, State Goods and Services Tax (SGST) ₹38,292 crore, Integrated Goods and Services Tax ( IGST ) ₹80,292 crore (including ₹39,035 crore collected on import of goods) and cess ₹11,900 crore (including ₹1,028 crore collected on import of goods). The government has settled ₹36,224 crore to CGST and ₹30,269 crore to SGST from IGST. The total revenue of Centre and the states in June 2023 after regular settlement is ₹67,237 crore for CGST and ₹68,561 crore for SGST, said a finance ministry statement. During the month, revenues from domestic transactions (including import of services) are 18% higher than the revenues from these sources during the same month last year. It is fo