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TMI BlogPosting a growth rate of 12% Y-o-Y, ₹14.97 lakh crore gross GST collection during April-December 2023 periodX X X X Extracts X X X X X X X X Extracts X X X X ..... Posting a growth rate of 12% Y-o-Y, ₹14.97 lakh crore gross GST collection during April-December 2023 period - Goods and Services Tax - GST Dated:- 1-1-2024 - News - Gross GST collection averages ₹1.66 lakh crore in first 9 months of FY24 ₹1,64,882 crore gross GST revenue collection for December, 2023 During the April-December 2023 period, gross GST collection witnessed a robust 12% y-o-y growth, reaching ₹14.97 lakh crore , as against ₹13.40 lakh crore collected in the same period of the previous year (April-December 2022). The average monthly gross GST collection of ₹1.66 lakh crore in the first 9-month period this year represents a 12% increase compared to the ₹1.49 lakh crore average recorded in the corresponding period of FY23. The gross GST revenue collected in the month of December, 2023 is ₹1,64,882 crore out of which CGST is ₹30,443 crore, SGST is ₹37,935 crore, IGST is ₹84,255 crore (including ₹41,534 crore collected on import of goods) and cess is ₹12,249 crore (including ₹1,079 crore collected on import of goods). Notably, this marks the seventh month so far this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year with collections exceeding ₹1.60 lakh crore . The government has settled ₹40,057 crore to CGST and ₹33,652 crore to SGST from IGST. The total revenue of Centre and the States in the month of December, 2023 after regular settlement is ₹70,501 crore for CGST and ₹71,587 crore for the SGST. The revenues for the month of December, 2023 are 10.3% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 13% higher than the revenues from these sources during the same month last year. 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 December 2023 as compared to December 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of December 2023. Chart: Trends in GST Collection Table -1: State-wise growth of GST Revenues during December, 2023 State/UT Dec-22 Dec-23 Growth (%) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jammu and Kashmir 410 492 20% Himachal Pradesh 708 745 5% Punjab 1,734 1,875 8% Chandigarh 218 281 29% Uttarakhand 1,253 1,470 17% Haryana 6,678 8,130 22% Delhi 4,401 5,121 16% Rajasthan 3,789 3,828 1% Uttar Pradesh 7,178 8,011 12% Bihar 1,309 1,487 14% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sikkim 290 254 -13% Arunachal Pradesh 67 97 44% Nagaland 44 46 4% Manipur 46 50 9% Mizoram 23 27 18% Tripura 78 79 2% Meghalaya 171 171 0% Assam 1,150 1,303 13% West Bengal 4,583 5,019 10% Jharkhand 2,536 2,632 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4% Odisha 3,854 4,351 13% Chhattisgarh 2,585 2,613 1% Madhya Pradesh 3,079 3,423 11% Gujarat 9,238 9,874 7% Dadra and Nagar Haveli and Daman Diu 318 333 5% Maharashtra 23,598 26,814 14% Karnataka 10,061 11,759 17% Goa 460 553 20% Lakshadweep 1 4 310% Kerala 2,185 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,458 12% Tamil Nadu 8,324 9,888 19% Puducherry 192 232 21% Andaman and Nicobar Islands 21 28 35% Telangana 4,178 4,753 14% Andhra Pradesh 3,182 3,545 11% Ladakh 26 58 127% Other Territory 249 227 -9% Center Jurisdiction 179 243 36% Grand Total 1,08,394 1,22,270 13% Table-2: SGST SGS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T portion of IGST settled to States/UTs April-December (Rs. in crore) Pre-Settlement SGST Post-Settlement SGST [2] State/UT 2022-23 2023-24 Growth 2022-23 2023-24 Growth Jammu and Kashmir 1,699 2,188 29% 5,442 6,021 11% Himachal Pradesh 1,731 1,929 11% 4,205 4,160 -1% Punjab 5,719 6,280 10% 14,371 16,382 14% Chandigarh 451 495 10% 1,582 1,708 8% Uttarakhand ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3,568 4,046 13% 5,758 6,288 9% Haryana 13,424 14,992 12% 23,134 25,733 11% Delhi 10,167 11,544 14% 21,426 23,611 10% Rajasthan 11,483 12,732 11% 25,903 28,794 11% Uttar Pradesh 20,098 24,164 20% 49,384 55,656 13% Bihar 5,307 6,067 14% 17,360 19,157 10% Sikkim 221 341 54% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 623 738 18% Arunachal Pradesh 344 464 35% 1,176 1,418 21% Nagaland 158 226 43% 716 781 9% Manipur 216 254 18% 1,046 813 -22% Mizoram 130 197 51% 623 707 14% Tripura 311 375 21% 1,074 1,166 9% Meghalaya 339 438 29% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,087 1,244 14% Assam 3,785 4,346 15% 9,280 10,727 16% West Bengal 15,959 17,428 9% 29,170 31,300 7% Jharkhand 5,562 6,545 18% 8,237 9,148 11% Odisha 10,313 11,903 15% 14,046 18,093 29% Chhattisgarh 5,426 6,004 11% 8,370 9,937 19% Madhya Pradesh 7,890 9,606 22% 20,834 24,026 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15% Gujarat 27,820 31,028 12% 42,354 46,624 10% Dadra and Nagar Haveli and Daman and Diu 479 481 0% 889 804 -10% Maharashtra 63,169 74,589 18% 95,981 1,08,887 13% Karnataka 25,976 30,070 16% 48,642 54,881 13% Goa 1,435 1,685 17% 2,606 2,951 13% Lakshadweep 7 17 153% 22 72 222% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Kerala 9,011 10,293 14% 21,953 23,045 5% Tamil Nadu 26,657 30,329 14% 43,332 47,960 11% Puducherry 344 371 8% 876 1,037 18% Andaman and Nicobar Islands 133 155 16% 365 388 7% Telangana 12,287 14,579 19% 27,964 29,889 7% Andhra Pradesh 9,298 10,407 12% 21,137 23,481 11% Ladakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 123 186 51% 420 523 25% Other Territory 135 182 35% 420 903 115% Grand Total 3,01,175 3,46,938 15% 5,71,807 6,39,052 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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