The gross GST revenue collected in August stood at Rs 1,59,069 crore, which was 3.6 per cent less than Rs 1,65,105 crore collected in July.
The figure was, however, 11 per cent higher than the GST collections of August 2022, which were Rs 1,43,612 crore.
Out of Rs 1,59,069 crore collected as GST revenue for August 2023, CGST was Rs 28,328 crore, SGST was Rs 35,794 crore, IGST was Rs 83,251 crore (including Rs 43,550 crore collected on import of goods), and cess was Rs 11,695 crore (including Rs 1,016 crore collected on import of goods).
The government has settled Rs 37,581 crore to CGST and Rs 31,408 crore to SGST from IGST.
The total revenue of Centre and the states in August 2023 after regular settlement was Rs 65,909 crore for CGST and Rs 67,202 crore for SGST.
The revenues for August 2023 are 11 per cent higher than the GST revenues in the same month last year.
During the month, revenue from import of goods was 3 per cent higher and from domestic transactions (including import of services) are 14 per cent higher than the revenues from these sources during the same month last year.
Earlier on Friday, Revenue Secretary Sanjay Malhotra had told reporters, on the sidelines of an event in Gurugram, that GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion.
"Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," he said.
The gross GST revenue for July, 2023 had shown a meagre rise by 2 per cent to Rs 1,65,105 crore as against Rs 1,61,497 crore collected in June 2023.
"GST revenues during June quarter grew by more than 11 per cent. This translates into a tax:GDP ratio of more than 1.3," Malhotra said. He had added that GST collections have grown by more than nominal GDP and this is despite no increase in tax rates.
Tripura BJP to Focus on Organisational Strength Ahead of Upcoming Polls
BJP state president Abhishek Debroy has said that strengthening the party organisation at every level will remain the BJP's top priority as it prepares for the upcoming electoral battles in the state.
Governor Urges Mass Participation in Anti-Drug Drive at Tripura University
Calling drug addiction one of the most serious challenges confronting society, Governor Indra Sena Reddy Nallu urged citizens to join hands in the fight against narcotics, stressing that a drug-free society can only be achieved through collective public participation.
IGP holds review meeting in Gomati, stresses on intelligence-based policing
Tripura Police’s Inspector General of Police (IGP), Law and Order Branch, Manchak Eppar, IPS, visited the Gomati District Police Headquarters to assess the district’s law and order situation, crime prevention strategies and the overall progress of policing activities.
Stolen auto recovered from in Bishramganj, police launch probe
Bishramganj Police have recovered a stolen CNG auto-rickshaw from a rubber plantation near the new petrol pump area along the National Highway late Saturday night.
Auto Drivers Protest Traffic Enforcement in Kamalasagar
Tension briefly flared in the Lembutuli area of Kamalasagar on Sunday after an enforcement drive against the use of black window films (sun-control films) on vehicles led to a confrontation between Bishalgarh Police and auto-rickshaw drivers.
Garbage dumping row triggers protest in Kamalpur
Alleged dumping of garbage into a privately owned pond in Rishipara under Ward No. 2 of the Kamalpur Nagar Panchayat in Dhalai district has sparked outrage among local residents, who have demanded immediate intervention by the administration to address the growing environmental and public health concerns.
Police personnel accused of performing duty under influence of alcohol at Mata Bari; Probe Demanded
Allegations that a police personnel was performing duty under the influence of alcohol at the revered Mata Tripura Sundari Temple in Udaipur, Gomati district, have triggered widespread concern, with the incident drawing significant attention on social media.
Woman dies, minor injured after car crashes into house in South
A 45-year-old woman lost her life and a 10-year-old girl was injured after a WagonR car allegedly went out of control and hit them near Kalachhara Railway Station in South Tripura district on Sunday morning.