GST revenue collection for April 2024 highest ever

GST revenue collection for April 2024 highest ever

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

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 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 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

Press Release

Read More on GSTCBIC

CA Cult