GST Revenue collection for November 2023, at ₹1,67,929 lakh crore records highest growth rate of 15% Y-o-Y


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The gross GST revenue collected in the month of November, 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 crore, IGST is ₹87,009 crore (including ₹39,198 crore collected on import of goods) and cess is ₹12,274 crore (including ₹ 1,036 crore collected on import of goods).

The government has settled ₹37,878 crore to CGST and ₹31,557 crore to SGST from IGST. The total revenue of Centre and the States in the month of November, 2023 after regular settlement is ₹68,297 crore for CGST and ₹69,783 crore for the SGST.

The revenues for the month of November, 2023 are 15% higher than the GST revenues in the same month last year and highest for any month year-on-year during 2023-24, upto November 2023. During the month, the revenues from domestic transactions (including import of services) are 20% higher than the revenues from these sources during the same month last year. It is for the sixth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24.The gross GST collection for the FY 2023-24 ending November, 2023 [₹13,32,440 crore, averaging ₹1.66 lakh per month] is 11.9 % higher than the gross GST collection for the FY 2022-23 ending November, 2022 [₹11,90,920 crore, averaging ₹1.49 lakh crore per month].

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 November 2023 as compared to November 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of November 2023.

Chart: Gross GST Collection (Rs. crore)

 

State-wise growth of GST Revenues during November, 2023[1]

(Rs. Crore)

State/UT

Nov-22

Nov-23

Growth (%)

Jammu and Kashmir

                430

                469

9%

Himachal Pradesh

                672

                802

19%

Punjab

             1,669

             2,265

36%

Chandigarh

                175

                210

20%

Uttarakhand

             1,280

             1,601

25%

Haryana

             6,769

             9,732

44%

Delhi

             4,566

             5,347

17%

Rajasthan

             3,618

             4,682

29%

Uttar Pradesh

             7,254

             8,973

24%

Bihar

             1,317

             1,388

5%

Sikkim

                209

                234

12%

Arunachal Pradesh

                  62

                  92

48%

Nagaland

                  34

                  67

99%

Manipur

                  50

                  40

-21%

Mizoram

                  24

                  33

37%

Tripura

                  60

                  83

39%

Meghalaya

                162

                163

1%

Assam

             1,080

             1,232

14%

West Bengal

             4,371

             4,915

12%

Jharkhand

             2,551

             2,633

3%

Odisha

             4,162

             4,295

3%

Chhattisgarh

             2,448

             2,936

20%

Madhya Pradesh

             2,890

             3,646

26%

Gujarat

             9,333

           10,853

16%

Dadra and Nagar Haveli and Daman & Diu

305

333

9%

Maharashtra

           21,611

           25,585

18%

Karnataka

           10,238

           11,970

17%

Goa

                447

                503

12%

Lakshadweep

                     0

                     0

-15%

Kerala

             2,094

             2,515

20%

Tamil Nadu

             8,551

           10,255

20%

Puducherry

                209

                228

9%

Andaman and Nicobar Islands

                  23

                  31

37%

Telangana

             4,228

             4,986

18%

Andhra Pradesh

             3,134

             4,093

31%

Ladakh

                  50

                  62

25%

Other Territory

                184

                222

21%

Center Jurisdiction

                154

                223

45%

Grand Total

1,06,416

1,27,695

20%

 

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

April-November (Rs. crore)

 

Pre-Settlement SGST

Post-Settlement SGST[2]

State/UT

2022-23

2023-24

Growth

2022-23

2023-24

Growth

Jammu and Kashmir

1,513

1,960

30%

  4,892

    5,367

10%

Himachal Pradesh

 1,547

 1,731

12%

  3,838

 3,701

-4%

Punjab

 5,102

 5,612

10%

12,906

  14,734

14%

Chandigarh

    401

    439

9%

  1,414

 1,505

6%

Uttarakhand

 3,193

 3,625

14%

  5,157

 5,586

8%

Haryana

12,052

13,415

11%

20,761

23,134

11%

Delhi

 9,127

10,340

13%

19,202

21,037

10%

Rajasthan

10,146

11,348

12%

22,853

25,699

12%

Uttar Pradesh

17,924

21,624

21%

43,951

49,282

12%

Bihar

 4,715

 5,377

14%

15,672

16,991

8%

Sikkim

    202

    321

59%

   558

     677

21%

Arunachal Pradesh

    311

    418

34%

1,059

 1,276

21%

Nagaland

    138

    206

49%

   635

     701

10%

Manipur

    190

    229

20%

   924

     730

-21%

Mizoram

    117

    182

56%

   557

     634

14%

Tripura

    272

    335

23%

   955

 1,037

9%

Meghalaya

    298

    394

32%

   961

 1,103

15%

Assam

 3,379

 3,885

15%

8,236

 9,553

16%

West Bengal

14,298

15,600

9%

25,878

28,042

8%

Jharkhand

 4,947

 5,866

19%

7,374

 8,116

10%

Odisha

 9,279

10,626

15%

12,486

15,515

24%

Chhattisgarh

 4,838

 5,398

12%

7,366

 8,831

20%

Madhya Pradesh

 6,979

 8,496

22%

17,772

20,673

16%

Gujarat

24,753

27,671

12%

37,497

41,545

11%

Dadra and Nagar Haveli and Daman and Diu

    427

    426

0%

 792

 699

-12%

Maharashtra

55,650

65,983

19%

84,633

96,551

14%

Karnataka

23,026

26,713

16%

43,152

48,766

13%

Goa

 1,272

 1,487

17%

2,325

 2,616

13%

Lakshadweep

6

      16

157%

     20

       69

239%

Kerala

 8,005

 9,171

15%

19,657

20,623

5%

Tamil Nadu

23,802

27,046

14%

38,849

42,472

9%

Puducherry

    308

    330

7%

   793

     933

18%

Andaman and Nicobar Islands

    123

    140

14%

   322

     347

8%

Telangana

10,926

12,994

19%

24,460

26,691

9%

Andhra Pradesh

 8,325

 9,291

12%

18,742

20,952

12%

Ladakh

    111

    155

40%

   378

     457

21%

Other Territory

    114

    156

37%

   329

     702

113%

Grand Total

2,67,818

3,09,003

15%

5,07,355

5,67,464

12%

****

NB/VM/KMN



Source PIB