Poonawalla fincorps
Poonawalla fincorps

GST Collections Surge 10% in August to Rs 1.75 Lakh Crore

Last updated: 02 September 2024


Gross and Net GST revenue collections for the month of Aug, 2024

GST Collections Surge 10  in August to Rs 1.75 Lakh Crore

GST Gross and Net Collections (Amount in crores)- August 2024

 

Monthly

YTD

GST Collections

Aug 2023

Aug 2024

%Growth

Aug 2023

Aug 2024

% Growth

A

B

C

D=C/B-1

E

F

G=F/E-1

A.1.Domestic

           

CGST

28,328

30,862

 

1,55,965

1,72,130

 

SGST

35,794

38,411

 

1,94,949

2,13,219

 

IGST

39,701

44,593

 

2,19,426

2,50,999

 

CESS

10,679

11,120

 

54,046

58,691

 

Gross Domestic Revenue

1,14,503

1,24,986

9.2%

6,24,385

6,95,038

11.3%

A.2.Imports

           

IGST

43,550

49,028

 

2,00,568

2,13,783

 

CESS

1,016

948

 

4,842

5,034

 

Gross Import Revenue

44,566

49,976

12.1%

2,05,411

2,18,817

6.5%

A.3.Gross GST Revenue(A.1+A.2)

           

CGST

28,328

30,862

 

1,55,965

1,72,130

 

SGST

35,794

38,411

 

1,94,949

2,13,219

 

IGST

83,251

93,621

 

4,19,994

4,64,782

 

CESS

11,695

12,068

 

58,888

63,725

 

Total Gross GST Revenue

1,59,069

1,74,962

10.0%

8,29,796

9,13,855

10.1%

B.1.Domestic Refunds

           

CGST

2,339

3,618

 

13,544

14,287

 

SGST

2,881

4,405

 

16,681

17,884

 

IGST

3,593

5,826

 

24,349

22,475

 

CESS

147

449

 

887

1,386

 

Refund-Domestic

8,961

14,298

59.6%

55,461

56,032

1.0%

B.2.Export IGST Refunds

           

IGST

8,623

10,074

 

41,465

50,658

 

CESS

140

88

 

726

690

 

Refund-Exports

8,762

10,162

16.0%

42,190

51,348

21.7%

B.3.Total Refund(B.1+B.2)

           

CGST

2,339

3,618

 

13,544

14,287

 

SGST

2,881

4,405

 

16,681

17,884

 

IGST

12,216

15,901

 

65,814

73,133

 

CESS

287

537

 

1,613

2,075

 

Total Refund

17,723

24,460

38.0%

97,651

1,07,380

10.0%

C.1 Net Revenue Domestic(A.1- B.1)

           

CGST

25,989

27,244

 

1,42,422

1,57,843

 

SGST

32,913

34,006

 

1,78,267

1,95,334

 

IGST

36,108

38,767

 

1,95,077

2,28,524

 

CESS

10,532

10,671

 

53,159

57,305

 

NetDomesticRevenue

1,05,542

1,10,688

4.9%

5,68,924

6,39,006

12.3%

C.2 Net IGST Revenue(A.2-B.2)

           

IGST

34,928

38,954

 

1,59,103

1,63,125

 

CESS

876

860

 

4,117

4,344

 

NetIGSTRevenue

35,804

39,814

11.2%

1,63,220

1,67,470

2.6%

C.3NetRevenue(C.1+C.2))

           

CGST

25,989

27,244

 

1,42,422

1,57,843

 

SGST

32,913

34,006

 

1,78,267

1,95,334

 

IGST

71,036

77,720

 

3,54,180

3,91,649

 

CESS

11,408

11,531

 

57,275

61,649

 

Total Net GST Revenue

1,41,346

1,50,501

6.5%

7,32,144

8,06,475

10.2%

             

Note: The above numbers are provisional and the actual number may have slightly vary on finalisation

Table1: State-wise growth of GST Revenues during August,2024 

State/UT

Aug-23

Aug-24

Growth(%)

Jammu and Kashmir

523

569

9%

Himachal Pradesh

725

827

14%

Punjab

1,813

1,936

7%

Chandigarh

192

244

27%

Uttarakhand

1,353

1,351

0%

Haryana

7,666

8,623

12%

Delhi

4,620

5,635

22%

Rajasthan

3,626

3,820

5%

Uttar Pradesh

7,468

8,269

11%

Bihar

1,379

1,491

8%

Sikkim

319

326

2%

Arunachal Pradesh

82

74

-10%

Nagaland

51

42

-18%

Manipur

40

56

38%

Mizoram

32

28

-13%

Tripura

78

85

9%

Meghalaya

189

155

-18%

Assam

1,148

1,353

18%

WestBengal

4,800

5,077

6%

Jharkhand

2,721

2,850

5%

Odisha

4,408

4,878

11%

Chhattisgarh

2,896

2,611

-10%

Madhya Pradesh

3,064

3,438

12%

Gujarat

9,765

10,344

6%

Dadra and Nagar Haveli and Daman & Diu

325

320

-1%

Maharashtra

23,282

26,367

13%

Karnataka

11,116

12,344

11%

Goa

509

531

4%

Lakshadweep

3

2

-44%

Kerala

2,306

2,511

9%

TamilNadu

9,475

10,181

7%

Puducherry

231

234

1%

Andaman and Nicobar Islands

21

27

29%

Telangana

4,393

4,569

4%

Andhra Pradesh

3,479

3,298

-5%

Ladakh

27

33

23%

OtherTerritory

184

199

8%

Center Jurisdiction

193

288

49%

GrandTotal

1,14,503

1,24,986

9%

Does not include GST on import of goods

Table-2: SGST & SGST portion of IGST settled to States/UTs till August 2024 (Rs. in crore)

                                                     Pre-Settlement SGST             Post-SettlementSGST2

State/UT

Aug-23

Aug-24

Growth

Aug-23

Aug-24

Growth

Jammu and Kashmir

1,284

1,289

0%

3,457

3,717

8%

Himachal Pradesh

1,130

1,172

4%

2,415

2,604

8%

Punjab

3,555

3,890

9%

9,052

9,464

5%

Chandigarh

284

316

11%

929

950

2%

Uttarakhand

2,202

2,507

14%

3,444

3,880

13%

Haryana

8,304

9,664

16%

14,403

16,251

13%

Delhi

6,430

7,342

14%

13,300

14,804

11%

Rajasthan

7,167

7,569

6%

16,060

17,479

9%

Uttar Pradesh

13,552

15,146

12%

30,822

35,512

15%

Bihar

3,444

3,768

9%

10,723

11,768

10%

Sikkim

237

165

-31%

486

410

-16%

Arunachal Pradesh

306

263

-14%

882

811

-8%

Nagaland

131

125

-5%

455

451

-1%

Manipur

148

181

23%

486

537

11%

Mizoram

132

138

5%

425

428

1%

Tripura

223

227

2%

667

739

11%

Meghalaya

269

268

0%

737

772

5%

Assam

2,458

2,709

10%

6,085

6,494

7%

WestBengal

10,062

10,313

2%

17,637

18,825

7%

Jharkhand

3,824

3,719

-3%

5,152

5,845

13%

Odisha

6,870

7,816

14%

9,218

11,156

21%

Chhattisgarh

3,505

3,674

5%

5,484

6,162

12%

Madhya Pradesh

5,334

5,783

8%

13,139

14,906

13%

Gujarat

17,439

18,925

9%

26,870

29,423

10%

Dadra and Nagar Haveli and Daman & Diu

268

317

18%

471

517

10%

Maharashtra

42,053

46,588

11%

61,783

69,274

12%

Karnataka

16,628

18,631

12%

30,369

33,330

10%

Goa

945

1,068

13%

1,670

1,770

6%

Lakshadweep

14

3

-82%

56

39

-31%

Kerala

5,819

6,034

4%

13,080

13,252

1%

TamilNadu

16,638

18,535

11%

26,767

31,338

17%

Puducherry

204

225

10%

625

599

-4%

Andaman and Nicobar Islands

99

95

-4%

229

257

12%

Telangana

7,909

8,437

7%

16,466

17,664

7%

Andhra Pradesh

5,905

6,147

4%

12,914

13,797

7%

Ladakh

79

90

13%

239

270

13%

OtherTerritory

95

80

-15%

545

372

-32%

GrandTotal

194,949

213,219

9%

357,542

395,867

11%

Post-Settlement GST is cumulative of the GST revenues of the States/UTs and the SGST portion of the IGST settled to the States/UTs

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