GST collections breach landmark milestone of ₹2 lakh crore
Gross Revenue Records 12.4% y-o-y growth
Net Revenue (after refunds) stood at ₹1.92 lakh crore; 17.1% y-o-y growth
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹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 ₹1.92 lakh crore, reflecting an impressive 17.1% growth compared to the same period last year.
Positive Performance Across Components:
Breakdown of April 2024 Collections:
- Central Goods and Services Tax (CGST): ₹43,846 crore;
- State Goods and Services Tax (SGST): ₹53,538 crore;
- Integrated Goods and Services Tax (IGST): ₹99,623 crore, including ₹37,826 crore collected on imported goods;
- Cess: ₹13,260 crore, including ₹1,008 crore collected on imported goods.
Inter-Governmental Settlement: In the month of April, 2024, the central government settled ₹50,307 crore to CGST and ₹41,600 crore to SGST from the IGST collected. This translates to a total revenue of ₹94,153 crore for CGST and ₹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[1]
|
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[2]
|
|
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%
|
[1] Does not include GST on import of goods
[2] 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
|
