1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%
GST
Dated:- 1-3-2024
Average monthly gross collection for FY2023-24 is ₹1.67 lakh crore, exceeding ₹1.5 lakh for FY2022-23
\nGross GST collection reaches ₹18.40 lakh crore for FY2023-24, grows 11.7% Y-o-Y
\nNet 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
\nGross 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.
\nStrong Consistent Performance in FY 2023-24: As of February 2024, the total gross GST collection for <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n t settled ₹41,856 crore to CGST and ₹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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ebruary (Rs. in crore) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5% GSTDated:- 1-3-2024Average 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 … Continue reading “1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69381","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69381"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69381\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe 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.
\nChart: Trends in GST Collection
\nTable 1: State-wise growth of GST Revenues during February, 2024
\nState\/UT
\nFeb-23
\nFeb-24
\nGrowth (%)
\nJammu and Kashmir
\n 434
\n 532
\n23%
\nHimachal Pradesh
\n 691
\n 746
\n8%
\nPunjab
\n 1,651
\n 1,955
\n18%
\nChandigarh
\n 188
\n 211
\n12%
\nUttarakhand
\n 1,405
\n 1,525
\n9%
\nHaryana
\n 7,310
\n 8,269
\n13%
\nDelhi
\n 4,769
\n 5,544
\n16%
\nRajasthan
\n 3,941
\n 4,211
\n7%
\nUttar Pradesh
\n 7,431
\n 8,054
\n8%
\nBihar
\n 1,499
\n 1,491<\/p>\n
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\nPre-Settlement SGST
\nPost-Settlement SGST
\nState\/UT
\n2022-23
\n2023-24
\nGrowth
\n2022-23
\n2023-24
\nGrowth
\nJammu and Kashmir
\n 2,133
\n 2,680
\n26%
\n 6,672
\n 7,415
\n11%
\nHimachal Pradesh
\n 2,150
\n 2,371
\n10%
\n 5,133
\n 5,138
\n0%
\nPunjab
\n 7,023
\n 7,689
\n9%
\n 17,810
\n 20,240
\n14%
\nChandigarh
\n 577
\n 626
\n9%
\n 1,963
\n 2,117
\n8%
\nUttarakhand
\n 4,365
\n 4,934
\n13%
\n 6,997
\n 7,708
\n10%
\nHaryana
\n 16,547
\n 18,568
\n12%
\n 28,469
\n 31,975
\n12%
\nDelhi
\n 12,504
\n 14,235
\n14%
\n 26,097
\n 29,187
\n12%
\nRajasthan
\n 14,227
\n 15,762
\n11%
\n 32,008
\n 35,505
\n11%
\nUttar Pradesh
\n 24,900
\n 29,560
\n19%
\n 60,572
\n 69,782
\n15%
\nBihar
\n 6,678
\n 7,478
\n12%
\n 21,319
\n 24,231
\n14%
\nSikkim
\n 274
\n 387
\n42%
\n 773
\n 877
\n13%
\nArunachal Pradesh
\n 422
\n 548
\n30%
\n 1,451
\n 1,721
\n19%
\nNagaland
\n 203
\n 270
\n33%
\n 884
\n 955
\n8%
\nManipur
\n 288
\n 310
\n8%
\n 1,318
\n 1,011
\n-23%
\nMizoram
\n 189
\n 245
\n29%
\n 798
\n 879
\n10%
\nTripura
\n 390
\n 455
\n17%
\n 1,348
\n 1,435
\n6%
\nMeghalaya
\n 435
\n 550
\n26%
\n 1,370
\n 1,55<\/p>\n
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