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 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
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te-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/UT Apr-23 Apr-24 Growth (%) Jammu and Kashmir 803 789 -2% Himachal Pradesh 957 1,015 6% Punjab 2,316 2,796 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 2
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r-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 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% Manipur 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
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