Shillong, June 1: Meghalaya has recorded a growth of 23 percent in the Good & Services Tax (GST) revenue collected in the month of May, this year.
The State has collected Rs 214 crore as GST revenue during the month of May this year when compared to last year which was only Rs 174 crore. The revenues for the month of May, this year, are 23 per cent higher than the GST revenues in the same month last year.
The gross Good & Services Tax (GST) revenue collected by the Centre in the month of May, 2023 is Rs. 1,57,090 crore of which CGST is Rs. 28,411 crore, SGST is Rs. 35,828 crore, IGST is Rs. 81,363 crore (including Rs. 41,772 crore collected on import of goods) and cess is Rs. 11,489 crore (including Rs. 1,057 crore collected on import of goods).
The government has settled Rs. 35,369 crore to CGST and Rs. 29,769 crore to SGST from IGST. The total revenue of Centre and the States in the month of May 2023 after regular settlement is Rs. 63,780 crore for CGST and Rs. 65,597 crore for the SGST.
During the month, revenue from import of goods was 12% higher and the revenues from domestic transactions (including import of services) are 11% higher than the revenues from these sources during the same month last year.
