Goods and Services Tax – GST Dated:- 1-3-2024 – News – 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
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;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%
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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
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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
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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
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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
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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%
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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
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