Average monthly gross collection for FY2023-24 is ₹1.67 lakh crore, exceeding ₹1.5 lakh for FY2022-23
Gross GST collection reaches ₹18.40 lakh crore for FY2023-24, grows 11.7% Y-o-Y
Net revenue at ₹1.51 lakh crore is up 13.6% for the month and up by 13% for the year at ₹16.36 lakh crore
Gross Goods and Services Tax (GST) revenue collected for February 2024 is ₹1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023. This growth was driven by a 13.9% rise in GST from domestic transactions and 8.5% increase in GST from import of goods. GST revenue net of refunds for February 2024 is ₹1.51 lakh crore which is a growth of 13.6% over that for the same period last year.
Strong Consistent Performance in FY 2023-24: As of February 2024, the total gross GST collection for the current fiscal year stands at ₹18.40 lakh crore, which is 11.7% higher than the collection for the same period in FY 2022-23. The average monthly gross collection for FY 2023-24 is ₹1.67 lakh crore, exceeding the ₹1.5 lakh crore collected in the previous year's corresponding period. GST revenue net of refunds as of February 2024 for the current fiscal year is ₹16.36 lakh crore which is a growth of 13.0% over that for the same period last year. Overall, the GST revenue figures demonstrate continued growth momentum and positive performance.
Breakdown of February 2024 Collections:
- Central Goods and Services Tax (CGST): ₹31,785 crore
- State Goods and Services Tax (SGST): ₹39,615 crore
- Integrated Goods and Services Tax (IGST): ₹84,098 crore, including ₹38,593 crore collected on imported goods
- Cess: ₹12,839 crore, including ₹984 crore collected on imported goods
Inter-Governmental Settlement: The central government settled ₹41,856 crore to CGST and ₹35,953 crore to SGST from the IGST collected. This translates to a total revenue of ₹73,641 crore for CGST and ₹75,569 crore for SGST 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 February, 2024 as compared to February, 2023. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of February, 2024.
Chart: Trends in GST Collection
Table 1: State-wise growth of GST Revenues during February, 2024
|
State/UT
|
Feb-23
|
Feb-24
|
Growth (%)
|
|
Jammu and Kashmir
|
434
|
532
|
23%
|
|
Himachal Pradesh
|
691
|
746
|
8%
|
|
Punjab
|
1,651
|
1,955
|
18%
|
|
Chandigarh
|
188
|
211
|
12%
|
|
Uttarakhand
|
1,405
|
1,525
|
9%
|
|
Haryana
|
7,310
|
8,269
|
13%
|
|
Delhi
|
4,769
|
5,544
|
16%
|
|
Rajasthan
|
3,941
|
4,211
|
7%
|
|
Uttar Pradesh
|
7,431
|
8,054
|
8%
|
|
Bihar
|
1,499
|
1,491
|
-1%
|
|
Sikkim
|
265
|
299
|
13%
|
|
Arunachal Pradesh
|
78
|
101
|
29%
|
|
Nagaland
|
54
|
51
|
-5%
|
|
Manipur
|
64
|
56
|
-13%
|
|
Mizoram
|
58
|
49
|
-14%
|
|
Tripura
|
79
|
85
|
8%
|
|
Meghalaya
|
189
|
193
|
2%
|
|
Assam
|
1,111
|
1,390
|
25%
|
|
West Bengal
|
4,955
|
5,357
|
8%
|
|
Jharkhand
|
2,962
|
2,933
|
-1%
|
|
Odisha
|
4,519
|
5,136
|
14%
|
|
Chhattisgarh
|
3,009
|
3,124
|
4%
|
|
Madhya Pradesh
|
3,235
|
3,572
|
10%
|
|
Gujarat
|
9,574
|
11,029
|
15%
|
|
Dadra and Nagar Haveli and Daman & Diu
|
283
|
355
|
25%
|
|
Maharashtra
|
22,349
|
27,065
|
21%
|
|
Karnataka
|
10,809
|
12,815
|
19%
|
|
Goa
|
493
|
581
|
18%
|
|
Lakshadweep
|
3
|
2
|
-36%
|
|
Kerala
|
2,326
|
2,688
|
16%
|
|
Tamil Nadu
|
8,774
|
9,713
|
11%
|
|
Puducherry
|
188
|
231
|
23%
|
|
Andaman and Nicobar Islands
|
31
|
39
|
28%
|
|
Telangana
|
4,424
|
5,211
|
18%
|
|
Andhra Pradesh
|
3,557
|
3,678
|
3%
|
|
Ladakh
|
24
|
35
|
43%
|
|
Other Territory
|
211
|
204
|
-3%
|
|
Center Jurisdiction
|
154
|
232
|
51%
|
|
Grand Total
|
1,13,096
|
1,28,760
|
14%
|
Table-2: SGST & SGST portion of IGST settled to States/UTs
April-February (Rs. in crore)
|
|
Pre-Settlement SGST
|
Post-Settlement SGST
|
|
State/UT
|
2022-23
|
2023-24
|
Growth
|
2022-23
|
2023-24
|
Growth
|
|
Jammu and Kashmir
|
2,133
|
2,680
|
26%
|
6,672
|
7,415
|
11%
|
|
Himachal Pradesh
|
2,150
|
2,371
|
10%
|
5,133
|
5,138
|
0%
|
|
Punjab
|
7,023
|
7,689
|
9%
|
17,810
|
20,240
|
14%
|
|
Chandigarh
|
577
|
626
|
9%
|
1,963
|
2,117
|
8%
|
|
Uttarakhand
|
4,365
|
4,934
|
13%
|
6,997
|
7,708
|
10%
|
|
Haryana
|
16,547
|
18,568
|
12%
|
28,469
|
31,975
|
12%
|
|
Delhi
|
12,504
|
14,235
|
14%
|
26,097
|
29,187
|
12%
|
|
Rajasthan
|
14,227
|
15,762
|
11%
|
32,008
|
35,505
|
11%
|
|
Uttar Pradesh
|
24,900
|
29,560
|
19%
|
60,572
|
69,782
|
15%
|
|
Bihar
|
6,678
|
7,478
|
12%
|
21,319
|
24,231
|
14%
|
|
Sikkim
|
274
|
387
|
42%
|
773
|
877
|
13%
|
|
Arunachal Pradesh
|
422
|
548
|
30%
|
1,451
|
1,721
|
19%
|
|
Nagaland
|
203
|
270
|
33%
|
884
|
955
|
8%
|
|
Manipur
|
288
|
310
|
8%
|
1,318
|
1,011
|
-23%
|
|
Mizoram
|
189
|
245
|
29%
|
798
|
879
|
10%
|
|
Tripura
|
390
|
455
|
17%
|
1,348
|
1,435
|
6%
|
|
Meghalaya
|
435
|
550
|
26%
|
1,370
|
1,557
|
14%
|
|
Assam
|
4,694
|
5,413
|
15%
|
11,524
|
13,347
|
16%
|
|
West Bengal
|
19,626
|
21,407
|
9%
|
35,884
|
38,335
|
7%
|
|
Jharkhand
|
7,034
|
7,967
|
13%
|
10,359
|
11,220
|
8%
|
|
Odisha
|
12,779
|
14,796
|
16%
|
17,636
|
22,636
|
28%
|
|
Chhattisgarh
|
6,765
|
7,417
|
10%
|
10,320
|
12,450
|
21%
|
|
Madhya Pradesh
|
9,893
|
11,865
|
20%
|
25,483
|
30,386
|
19%
|
|
Gujarat
|
34,364
|
38,465
|
12%
|
52,751
|
58,317
|
11%
|
|
Dadra and Nagar Haveli and Daman and Diu
|
581
|
599
|
3%
|
1,093
|
1,006
|
-8%
|
|
Maharashtra
|
77,909
|
91,584
|
18%
|
1,18,392
|
1,34,593
|
14%
|
|
Karnataka
|
32,302
|
37,305
|
15%
|
60,218
|
68,428
|
14%
|
|
Goa
|
1,830
|
2,137
|
17%
|
3,270
|
3,752
|
15%
|
|
Lakshadweep
|
9
|
18
|
107%
|
37
|
79
|
114%
|
|
Kerala
|
11,247
|
12,809
|
14%
|
26,851
|
28,358
|
6%
|
|
Tamil Nadu
|
32,929
|
37,024
|
12%
|
53,091
|
58,904
|
11%
|
|
Puducherry
|
426
|
467
|
10%
|
1,069
|
1,255
|
17%
|
|
Andaman and Nicobar Islands
|
165
|
191
|
16%
|
445
|
487
|
9%
|
|
Telangana
|
15,294
|
18,175
|
19%
|
34,686
|
36,949
|
7%
|
|
Andhra Pradesh
|
11,462
|
12,695
|
11%
|
26,121
|
28,873
|
11%
|
|
Ladakh
|
160
|
230
|
44%
|
494
|
620
|
25%
|
|
Other Territory
|
165
|
218
|
32%
|
542
|
1,043
|
93%
|
|
Grand Total
|
3,72,937
|
4,27,449
|
15%
|
7,05,246
|
7,92,773
|
12%
|
|
