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TMI BlogGST revenue collection for April 2024 highest ever at Rs 2.10 lakh croreX X X X Extracts X X X X X X X X Extracts X X X X ..... GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore - Goods and Services Tax - GST Dated:- 1-5-2024 - News - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f 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 Ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ril, 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 col ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lected 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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% Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nipur 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% Da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dra 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - News - Press release - PIB Tax Management Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - 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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