GST collections breach landmark milestone of Rs 2 lakh crore Gross Revenue Records 12.4% y-o-y growth Net Revenue (after refunds) stood at Rs 1.92 lakh crore; 15.5% y-o-y growth
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST revenue for April 2024 stands at Rs 1.92 lakh crore, reflecting an impressive 15.5% growth compared to the same period last year.
Positive Performance Across Components
Breakdown of April 2024 Collections
- Central Goods and Services Tax (CGST): Rs 43,846 crore;
- State Goods and Services Tax (SGST): Rs 53,538 crore;
- Integrated Goods and Services Tax (IGST): Rs 99,623 crore, including Rs 37,826 crore collected on imported goods;
- Cess: Rs 13,260 crore, including Rs 1,008 crore collected on imported goods.
Inter-Governmental Settlement: In the month of April, 2024, the central government settled Rs 50,307 crore to CGST and Rs 41,600 crore to SGST from the IGST collected. This translates to a total revenue of Rs 94,153 crore for CGST and Rs 95,138 crore for SGST for April, 2024 after regular settlement.
The chart below shows trends in monthly gross GST revenues during the current year. Table-1 shows the state-wise figures of GST collected in each State during the month of April, 2024 as compared to April, 2023. Table-2 shows the state-wise figures of post settlement GST revenue of each State for the month of April, 2024.
Chart: Trends in GST Collection
Table 1: State-wise growth of GST Revenues during April, 2024
|
State/UT |
Apr-23 |
Apr-24 |
Growth (%) |
|
Jammu and Kashmir |
803 |
789 |
-2% |
|
Himachal Pradesh |
957 |
1,015 |
6% |
|
Punjab |
2,316 |
2,796 |
21% |
|
Chandigarh |
255 |
313 |
23% |
|
Uttarakhand |
2,148 |
2,239 |
4% |
|
Haryana |
10,035 |
12,168 |
21% |
|
Delhi |
6,320 |
7,772 |
23% |
|
Rajasthan |
4,785 |
5,558 |
16% |
|
Uttar Pradesh |
10,320 |
12,290 |
19% |
|
Bihar |
1,625 |
1,992 |
23% |
|
Sikkim |
426 |
403 |
-5% |
|
Arunachal Pradesh |
238 |
200 |
-16% |
|
Nagaland |
88 |
86 |
-3% |
|
Manipur |
91 |
104 |
15% |
|
Mizoram |
71 |
108 |
52% |
|
Tripura |
133 |
161 |
20% |
|
Meghalaya |
239 |
234 |
-2% |
|
Assam |
1,513 |
1,895 |
25% |
|
West Bengal |
6,447 |
7,293 |
13% |
|
Jharkhand |
3,701 |
3,829 |
3% |
|
Odisha |
5,036 |
5,902 |
17% |
|
Chhattisgarh |
3,508 |
4,001 |
14% |
|
Madhya Pradesh |
4,267 |
4,728 |
11% |
|
Gujarat |
11,721 |
13,301 |
13% |
|
Dadra and Nagar Haveli and Daman & Diu |
399 |
447 |
12% |
|
Maharashtra |
33,196 |
37,671 |
13% |
|
Karnataka |
14,593 |
15,978 |
9% |
|
Goa |
620 |
765 |
23% |
|
Lakshadweep |
3 |
1 |
-57% |
|
Kerala |
3,010 |
3,272 |
9% |
|
Tamil Nadu |
11,559 |
12,210 |
6% |
|
Puducherry |
218 |
247 |
13% |
|
Andaman and Nicobar Islands |
92 |
65 |
-30% |
|
Telangana |
5,622 |
6,236 |
11% |
|
Andhra Pradesh |
4,329 |
4,850 |
12% |
|
Ladakh |
68 |
70 |
3% |
|
Other Territory |
220 |
225 |
2% |
|
Center Jurisdiction |
187 |
221 |
18% |
|
Grand Total |
1,51,162 |
1,71,433 |
13% |
Table-2: SGST & SGST portion of IGST settled to States/UTs
April (Rs. in crore)
|
Pre-Settlement SGST |
Post-Settlement SGST |
|||||
|
State/UT |
Apr-23 |
Apr-24 |
Growth |
Apr-23 |
Apr-24 |
Growth |
|
Jammu and Kashmir |
394 |
362 |
-8% |
918 |
953 |
4% |
|
Himachal Pradesh |
301 |
303 |
1% |
622 |
666 |
7% |
|
Punjab |
860 |
999 |
16% |
2,090 |
2,216 |
6% |
|
Chandigarh |
63 |
75 |
20% |
214 |
227 |
6% |
|
Uttarakhand |
554 |
636 |
15% |
856 |
917 |
7% |
|
Haryana |
1,871 |
2,172 |
16% |
3,442 |
3,865 |
12% |
|
Delhi |
1,638 |
2,027 |
24% |
3,313 |
4,093 |
24% |
|
Rajasthan |
1,741 |
1,889 |
9% |
3,896 |
3,967 |
2% |
|
Uttar Pradesh |
3,476 |
4,121 |
19% |
7,616 |
8,494 |
12% |
|
Bihar |
796 |
951 |
19% |
2,345 |
2,688 |
15% |
|
Sikkim |
110 |
69 |
-37% |
170 |
149 |
-12% |
|
Arunachal Pradesh |
122 |
101 |
-17% |
252 |
234 |
-7% |
|
Nagaland |
36 |
41 |
14% |
107 |
111 |
4% |
|
Manipur |
50 |
53 |
6% |
164 |
133 |
-19% |
|
Mizoram |
41 |
59 |
46% |
108 |
132 |
22% |
|
Tripura |
70 |
80 |
14% |
164 |
198 |
21% |
|
Meghalaya |
69 |
76 |
9% |
162 |
190 |
17% |
|
Assam |
608 |
735 |
21% |
1,421 |
1,570 |
10% |
|
West Bengal |
2,416 |
2,640 |
9% |
3,987 |
4,434 |
11% |
|
Jharkhand |
952 |
934 |
-2% |
1,202 |
1,386 |
15% |
|
Odisha |
1,660 |
2,082 |
25% |
2,359 |
2,996 |
27% |
|
Chhattisgarh |
880 |
929 |
6% |
1,372 |
1,491 |
9% |
|
Madhya Pradesh |
1,287 |
1,520 |
18% |
2,865 |
3,713 |
30% |
|
Gujarat |
4,065 |
4,538 |
12% |
6,499 |
7,077 |
9% |
|
Dadra and Nagar Haveli and Daman and Diu |
62 |
75 |
22% |
122 |
102 |
-16% |
|
Maharashtra |
10,392 |
11,729 |
13% |
15,298 |
16,959 |
11% |
|
Karnataka |
4,298 |
4,715 |
10% |
7,391 |
8,077 |
9% |
|
Goa |
237 |
283 |
19% |
401 |
445 |
11% |
|
Lakshadweep |
1 |
0 |
-79% |
18 |
5 |
-73% |
|
Kerala |
1,366 |
1,456 |
7% |
2,986 |
3,050 |
2% |
|
Tamil Nadu |
3,682 |
4,066 |
10% |
5,878 |
6,660 |
13% |
|
Puducherry |
42 |
54 |
28% |
108 |
129 |
19% |
|
Andaman and Nicobar Islands |
46 |
32 |
-32% |
78 |
88 |
13% |
|
Telangana |
1,823 |
2,063 |
13% |
3,714 |
4,036 |
9% |
|
Andhra Pradesh |
1,348 |
1,621 |
20% |
3,093 |
3,552 |
15% |
|
Ladakh |
34 |
36 |
7% |
55 |
61 |
12% |
|
Other Territory |
22 |
16 |
-26% |
86 |
77 |
-10% |
|
Grand Total |
47,412 |
53,538 |
13% |
85,371 |
95,138 |
11% |
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