According to data released by the Union Finance Ministry, collection for August 2023 stood at Rs.2,306 crore. It was Rs.2,036 crore in August 2022.
The collection for a given month pertains to the consumption of goods and services in the previous one.
The Finance Ministry also gave Rs.2,472 crore as the amount settled to Kerala by way of State GST (SGST) and the SGST portion of Integrated GST (IGST) in August.
Kerala had reported a steady increase in GST revenues in the first quarter of 2023-24, a trend which is visible in the second quarter too. The State had recorded 10% growth in GST revenues in July 2023 over the previous July. The collection for July 2023 stood at Rs.2,381 crore against ₹2,161 crore the previous July.
Read more at : The Hindu
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