Lok Sabha Question No. 178 (UNSTARRED), answered on 2024-07-22
Subject: GST Collection
Ministry: FINANCE
Asked by: Shri Arun Bharti

178 Shri Arun Bharti:

Will the Minister of FINANCE be pleased to state:

- (a) whether the GST collection is increasing every month and, if so, the details thereof, upto June 2024;
- (b) whether the Government has paid all the dues to various State Governments during the corresponding years;
- (c) if not, the reasons therefor;
- (d)  whether  any  alternative  mechanism  has been worked out by  the  Government, if  so, the details thereof;
- (e) whether various States including Bihar have requested for generous fiscal support in view of increase in capital expenditure; and
- (f) if so, the details thereof along with the response of the Government in this regard?

## ANSWER

THE MINISTER OF STATE IN MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a): The details of gross GST collection from July 2023 to June 2024 are given below: -

| Month   | Amount (in Rs. Crores)   | Month   | Amount (in Rs. Crores)   | Growth rate   |
|---------|--------------------------|---------|--------------------------|---------------|
| Jul-22  | 1,48,995                 | Jul-23  | 1,65,105                 | 10.8%         |
| Aug-22  | 1,43,612                 | Aug-23  | 1,59,069                 | 10.8%         |
| Sep-22  | 1,47,686                 | Sep-23  | 1,62,712                 | 10.2%         |
| Oct-22  | 1,51,718                 | Oct-23  | 1,72,003                 | 13.4%         |
| Nov-22  | 1,45,867                 | Nov-23  | 1,67,929                 | 15.1%         |
| Dec-22  | 1,49,507                 | Dec-23  | 1,64,882                 | 10.3%         |
| Jan-23  | 1,57,554                 | Jan-24  | 1,74,106                 | 10.5%         |
| Feb-23  | 1,49,577                 | Feb-24  | 1,68,337                 | 12.5%         |
| Mar-23  | 1,60,122                 | Mar-24  | 1,78,484                 | 11.5%         |
| Apr-23  | 1,87,035                 | Apr-24  | 2,10,267                 | 12.4%         |
| May-23  | 1,57,090                 | May-24  | 1,72,739                 | 10.0%         |
| Jun-23  | 1,61,497                 | Jun-24  | 1,73,813                 | 7.6%          |

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA UNSTARRED QUESTION NO. 178

TO BE ANSWERED ON MONDAY, THE 22 nd  JULY, 2024/ 31 ASHADHA, 1946 (SAKA)

## GST Collection

(b), (c) & (d): Yes Sir. The Central Government settles IGST balance due to the states every month.

Moreover,  Government  of  India  has  already  released  the  entire  amount  of  provisionally admissible GST compensation to the States/UTs (protected at 14% per annum over the base year revenue of 2015-16) arising on account of implementation of Goods and Services Tax for five  years  i.e., from 1st July, 2017 to 30th June, 2022. For the Covid-19 period, the Central Government released ₹ 1.1 lakh crore for FY 2020-21 & ₹ 1.59 lakh crore for FY 2021-22 has been released to States/ UTs as back to back loan to meet the resource of the States/UTs due to  shortfall  in  GST  compensation.  Final  Compensation  arising  out  of  reconciliation  of provisional  figures  with  audited  figures  is  released  immediately  on  receipt  of  the  AG's certificate and no amount is pending for release.

(e) & (f): No Sir.

However, various States including the State of Bihar have raised issues related to the States in the pre-Budget consultation Meeting of the Finance Minister with the States.

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