GST collection surges 12% to Rs 1.57 lakh crore in May: Finance ministry

2/06/2023 10:23:46 AM | Source: Accord Fintech

GST collection surges 12% to Rs 1.57 lakh crore in May: Finance ministry

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The finance ministry has said Goods and Services Tax (GST) collection rose 12 per cent to Rs 1.57 lakh crore in May 2023. Goods and Services Tax collection in May last year was about Rs 1.41 lakh crore. Last month, GST collection was at a record high of Rs 1.87 lakh crore.

The gross Good & Services Tax revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is

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GST collection surges 12% to Rs 1.57 lakh crore in May: Finance ministry

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