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

By | May 1, 2024
(Last Updated On: May 1, 2024)

Ministry of Finance

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; 17.1% y-o-y growth

Posted On: 01 MAY 2024 11:55AM by PIB Delhi

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 17.1% 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 Kashmir803789-2%
Himachal Pradesh 957      1,0156%
Punjab2,316     2,79621%
Chandigarh 25531323%
Uttarakhand2,148    2,2394%
Haryana10,035   12,16821%
Delhi6,320     7,77223%
Rajasthan4,785     5,55816%
Uttar Pradesh10,320  12,29019%
Bihar1,625     1,99223%
Sikkim426 403-5%
Arunachal Pradesh238 200-16%
Nagaland   88 86-3%
Manipur    9110415%
Mizoram    7110852%
Tripura 13316120%
Meghalaya239 234-2%
Assam 1,513     1,89525%
West Bengal6,447     7,29313%
Jharkhand3,701    3,8293%
Odisha5,036    5,90217%
Chhattisgarh3,508    4,00114%
Madhya Pradesh4,267     4,72811%
Gujarat11,721   13,30113%
Dadra and Nagar Haveli and Daman & Diu39944712%
Maharashtra33,196   37,67113%
Karnataka 14,593   15,9789%
Goa62076523%
Lakshadweep      3 1-57%
Kerala3,010     3,2729%
Tamil Nadu11,559   12,2106%
Puducherry 21824713%
Andaman and Nicobar Islands   92 65-30%
Telangana5,622    6,23611%
Andhra Pradesh4,329    4,85012%
Ladakh   68 703%
Other Territory2202252%
Center Jurisdiction 18722118%
Grand Total     1,51,162  1,71,43313%

Table-2: SGST & SGST portion of IGST settled to States/UTs

April (Rs. in crore)

 Pre-Settlement SGSTPost-Settlement SGST[2]
State/UTApr-23Apr-24GrowthApr-23Apr-24Growth
Jammu and Kashmir    394    362-8%    918    9534%
Himachal Pradesh    301   3031%    622    6667%
Punjab   860    99916%  2,0902,2166%
Chandigarh      637520%    214    2276%
Uttarakhand    554    63615%    856     9177%
Haryana 1,871 2,17216%3,4423,86512%
Delhi1,6382,02724%3,313  4,09324%
Rajasthan 1,7411,8899%3,8963,9672%
Uttar Pradesh3,476 4,12119% 7,6168,49412%
Bihar    796     95119%2,3452,68815%
Sikkim     110      69-37%    170    149-12%
Arunachal Pradesh    122     101-17%    252    234-7%
Nagaland      364114%    107      1114%
Manipur      50536%    164    133-19%
Mizoram415946%    108    13222%
Tripura      70      8014%    164    19821%
Meghalaya      69769%    162    19017%
Assam   608    73521% 1,421 1,57010%
West Bengal2,416  2,6409%3,9874,43411%
Jharkhand    952    934-2%1,2021,38615%
Odisha1,660  2,08225%2,3592,99627%
Chhattisgarh   880    9296% 1,372 1,4919%
Madhya Pradesh 1,2871,52018%2,865 3,71330%
Gujarat4,0654,53812%6,4997,0779%
Dadra and Nagar Haveli and Daman and Diu      627522%    122    102-16%
Maharashtra10,392  11,72913% 15,298 16,95911%
Karnataka4,298 4,71510% 7,3918,0779%
Goa    237    28319%    401    44511%
Lakshadweep10-79%185-73%
Kerala1,366 1,4567%2,986  3,0502%
Tamil Nadu3,682  4,06610%5,878  6,66013%
Puducherry      425428%    108    12919%
Andaman and Nicobar Islands      46      32-32%78      8813%
Telangana1,823  2,06313% 3,714  4,0369%
Andhra Pradesh1,348 1,62120%  3,0933,55215%
Ladakh      34      367%556112%
Other Territory      2216-26%      8677-10%
Grand Total 47,412 53,53813% 85,371 95,13811%

[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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NB/VM/KMN

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com