GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

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; 15.5% 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 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): ₹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/UTApr-23Apr-24Growth (%)
Jammu and Kashmir803 789 -2%
Himachal Pradesh 957       1,015 6%
Punjab2,316      2,796 21%
Chandigarh 255 313 23%
Uttarakhand2,148     2,239 4%
Haryana10,035    12,168 21%
Delhi6,320      7,772 23%
Rajasthan4,785      5,558 16%
Uttar Pradesh10,320   12,290 19%
Bihar1,625      1,992 23%
Sikkim426  403 -5%
Arunachal Pradesh238  200 -16%
Nagaland   88  86 -3%
Manipur    91 104 15%
Mizoram    71 108 52%
Tripura 133 161 20%
Meghalaya239  234 -2%
Assam 1,513      1,895 25%
West Bengal6,447      7,293 13%
Jharkhand3,701     3,829 3%
Odisha5,036     5,902 17%
Chhattisgarh3,508     4,001 14%
Madhya Pradesh4,267      4,728 11%
Gujarat11,721    13,301 13%
Dadra and Nagar Haveli and Daman & Diu399 447 12%
Maharashtra33,196    37,671 13%
Karnataka 14,593    15,978 9%
Goa620 765 23%
Lakshadweep      3  1 -57%
Kerala3,010      3,272 9%
Tamil Nadu11,559    12,210 6%
Puducherry 218 247 13%
Andaman and Nicobar Islands   92  65 -30%
Telangana5,622     6,236 11%
Andhra Pradesh4,329     4,850 12%
Ladakh   68  70 3%
Other Territory220 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/UTApr-23Apr-24GrowthApr-23Apr-24Growth
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%
Delhi1,638 2,027 24%3,313   4,093 24%
Rajasthan 1,741 1,889 9%3,896 3,967 2%
Uttar Pradesh3,476  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%
Mizoram41 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 Bengal2,416   2,640 9%3,987 4,434 11%
Jharkhand    952     934 -2%1,202 1,386 15%
Odisha1,660   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%
Gujarat4,065 4,538 12%6,499 7,077 9%
Dadra and Nagar Haveli and Daman and Diu      62 75 22%    122     102 -16%
Maharashtra10,392   11,729 13% 15,298  16,959 11%
Karnataka4,298  4,715 10% 7,391 8,077 9%
Goa    237     283 19%    401     445 11%
Lakshadweep-79%18 -73%
Kerala1,366  1,456 7%2,986   3,050 2%
Tamil Nadu3,682   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%
Telangana1,823   2,063 13% 3,714   4,036 9%
Andhra Pradesh1,348  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

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