TMI BlogGST Revenue collection for November 2023, at ₹1,67,929 lakh crore records highest growth rate of 15% Y-o-YX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Revenue collection for November 2023, at ₹1,67,929 lakh crore records highest growth rate of 15% Y-o-Y - Goods and Services Tax - GST Dated:- 2-12-2023 - News - Gross GST collection crosses ₹1.60 lakh crore mark for the sixth time in FY 2023-24 GST collection higher by 11.9% Y-o-Y for FY2023-24 upto November, 2023 The gross GST revenue collected in the month of November, 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore , SGST is ₹38,226 crore , IGST is ₹87,009 crore (including ₹39,198 crore collected on import of goods) and cess is ₹12,274 crore (including ₹ 1,036 crore collected on import of goods). The government has settled ₹37,878 crore to CGS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T and ₹31,557 crore to SGST from IGST. The total revenue of Centre and the States in the month of November, 2023 after regular settlement is ₹68,297 crore for CGST and ₹69,783 crore for the SGST. The revenues for the month of November, 2023 are 15% higher than the GST revenues in the same month last year and highest for any month year-on-year during 2023-24, upto November 2023. During the month, the revenues from domestic transactions (including import of services) are 20% higher than the revenues from these sources during the same month last year. It is for the sixth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24.The gross GST collection for the FY 2023-24 ending November, 2023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [₹13,32,440 crore, averaging ₹1.66 lakh per month] is 11.9 % higher than the gross GST collection for the FY 2022-23 ending November, 2022 [₹11,90,920 crore, averaging ₹1.49 lakh crore per month]. 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 November 2023 as compared to November 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of November 2023. Chart: Gross GST Collection (Rs. crore) State-wise growth of GST Revenues during November, 2023 (Rs. Crore) State/UT Nov-22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nov-23 Growth (%) Jammu and Kashmir 430 469 9% Himachal Pradesh 672 802 19% Punjab 1,669 2,265 36% Chandigarh 175 210 20% Uttarakhand 1,280 1,601 25% Haryana 6,769 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9,732 44% Delhi 4,566 5,347 17% Rajasthan 3,618 4,682 29% Uttar Pradesh 7,254 8,973 24% Bihar 1,317 1,388 5% Sikkim 209 234 12% Arunachal Pradesh 62 92 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 48% Nagaland 34 67 99% Manipur 50 40 -21% Mizoram 24 33 37% Tripura 60 83 39% Meghalaya 162 163 1% Assam 1,080 1,232 14% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... West Bengal 4,371 4,915 12% Jharkhand 2,551 2,633 3% Odisha 4,162 4,295 3% Chhattisgarh 2,448 2,936 20% Madhya Pradesh 2,890 3,646 26% Gujarat 9,333 10,853 16% Dadra and Nagar H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aveli and Daman Diu 305 333 9% Maharashtra 21,611 25,585 18% Karnataka 10,238 11,970 17% Goa 447 503 12% Lakshadweep 0 0 -15% Kerala 2,094 2,515 20% Tamil Nadu 8, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 551 10,255 20% Puducherry 209 228 9% Andaman and Nicobar Islands 23 31 37% Telangana 4,228 4,986 18% Andhra Pradesh 3,134 4,093 31% Ladakh 50 62 25% Other Territory ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 184 222 21% Center Jurisdiction 154 223 45% Grand Total 1,06,416 1,27,695 20% Table-2: SGST SGST portion of IGST settled to States/UTs April-November (Rs. crore) Pre-Settlement SGST Post-Settlement SGST State/UT 2022-23 2023-24 Growth 2022-23 2023-24 Growth Jammu and Kashmir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,513 1,960 30% 4,892 5,367 10% Himachal Pradesh 1,547 1,731 12% 3,838 3,701 -4% Punjab 5,102 5,612 10% 12,906 14,734 14% Chandigarh 401 439 9% 1,414 1,505 6% Uttarakhand 3,193 3,625 14% 5,157 5, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 586 8% Haryana 12,052 13,415 11% 20,761 23,134 11% Delhi 9,127 10,340 13% 19,202 21,037 10% Rajasthan 10,146 11,348 12% 22,853 25,699 12% Uttar Pradesh 17,924 21,624 21% 43,951 49,282 12% Bihar 4,715 5,377 14% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15,672 16,991 8% Sikkim 202 321 59% 558 677 21% Arunachal Pradesh 311 418 34% 1,059 1,276 21% Nagaland 138 206 49% 635 701 10% Manipur 190 229 20% 924 730 -21% Mizoram ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 117 182 56% 557 634 14% Tripura 272 335 23% 955 1,037 9% Meghalaya 298 394 32% 961 1,103 15% Assam 3,379 3,885 15% 8,236 9,553 16% West Bengal 14,298 15,600 9% 25,878 28,042 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8% Jharkhand 4,947 5,866 19% 7,374 8,116 10% Odisha 9,279 10,626 15% 12,486 15,515 24% Chhattisgarh 4,838 5,398 12% 7,366 8,831 20% Madhya Pradesh 6,979 8,496 22% 17,772 20,673 16% Gujarat 24,753 27,671 12% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 37,497 41,545 11% Dadra and Nagar Haveli and Daman and Diu 427 426 0% 792 699 -12% Maharashtra 55,650 65,983 19% 84,633 96,551 14% Karnataka 23,026 26,713 16% 43,152 48,766 13% Goa 1,272 1,487 17% 2,325 2,616 13% Laks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hadweep 6 16 157% 20 69 239% Kerala 8,005 9,171 15% 19,657 20,623 5% Tamil Nadu 23,802 27,046 14% 38,849 42,472 9% Puducherry 308 330 7% 793 933 18% Andaman and Nicobar Islands 123 140 14% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 322 347 8% Telangana 10,926 12,994 19% 24,460 26,691 9% Andhra Pradesh 8,325 9,291 12% 18,742 20,952 12% Ladakh 111 155 40% 378 457 21% Other Territory 114 156 37% 329 702 113% Grand Total ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,67,818 3,09,003 15% 5,07,355 5,67,464 12% - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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