GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y


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The gross GST revenue collected in the month of October, 2023 is ₹ 1,72,003 crore out of which ₹ 30,062 crore is CGST, ₹ 38,171 crore is SGST, ₹ 91,315 crore (including ₹ 42,127 crore collected on import of goods) is IGST and ₹ 12,456 crore (including ₹ 1,294 crore collected on import of goods) is cess.

The government has settled ₹ 42,873 crore to CGST and ₹ 36,614 crore to SGST from IGST. The total revenue of Centre and the States in the month of October, 2023 after regular settlement is ₹72,934 crore for CGST and ₹ 74,785 crore for SGST.

The gross GST revenue for the month of October, 2023 is 13% higher than that in the same month last year. During the month, revenue from domestic transactions (including import of services) is also 13% higher than the revenues from these sources during the same month last year. The average gross monthly GST collection in the FY 2023-24 now stands at Rs. 1.66 lakh crore and is 11% per cent more than that in the same period in the previous financial year.

The chart below shows trends in monthly gross GST revenues during the current year. The table below shows the state-wise figures of post settlement GST revenue of each State till the month of October 2023.

Chart: Trends in GST Collection

 

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

April-October (Rs. in crore)

 

Pre-Settlement SGST

Post-Settlement SGST[1]

State/UT

2022-23

2023-24

Growth

2022-23

2023-24

Growth

Jammu and Kashmir

1,318

1,762

34%

4,299

4,817

12%

Himachal Pradesh

1,341

1,546

15%

3,368

3,302

-2%

Punjab

4,457

4,903

10%

11,378

13,115

15%

Chandigarh

351

389

11%

1,227

1,342

9%

Uttarakhand

2,805

3,139

12%

4,513

4,890

8%

Haryana

10,657

11,637

9%

18,291

20,358

11%

Delhi

8,000

9,064

13%

16,796

18,598

11%

Rajasthan

8,832

9,859

12%

19,922

22,571

13%

Uttar Pradesh

15,848

18,880

19%

38,731

42,482

10%

Bihar

4,110

4,731

15%

13,768

15,173

10%

Sikkim

179

297

66%

489

629

29%

Arunachal Pradesh

282

378

34%

932

1,155

24%

Nagaland

125

177

42%

564

619

10%

Manipur

166

210

27%

812

659

-19%

Mizoram

105

168

60%

488

573

18%

Tripura

242

299

23%

847

928

9%

Meghalaya

265

353

33%

841

988

17%

Assam

2,987

3,428

15%

7,237

8,470

17%

West Bengal

12,682

13,799

9%

22,998

24,607

7%

Jharkhand

4,329

5,152

19%

6,466

7,128

10%

Odisha

8,265

9,374

13%

11,031

12,723

15%

Chhattisgarh

4,285

4,773

11%

6,421

7,656

19%

Madhya Pradesh

6,062

7,384

22%

15,418

18,100

17%

Gujarat

21,644

24,005

11%

32,943

36,322

10%

Dadra and Nagar Haveli and Daman and Diu

381

372

-3%

709

606

-15%

Maharashtra

48,870

58,057

19%

74,612

84,712

14%

Karnataka

20,165

23,400

16%

37,924

42,657

12%

Goa

1,111

1,307

18%

2,024

2,299

14%

Lakshadweep

6

16

162%

18

66

259%

Kerala

7,016

8,082

15%

17,450

18,370

5%

Tamil Nadu

20,836

23,661

14%

34,334

37,476

9%

Puducherry

271

288

6%

695

833

20%

Andaman and Nicobar Islands

112

125

12%

287

311

8%

Telangana

9,538

11,377

19%

21,301

23,478

10%

Andhra Pradesh

7,347

8,128

11%

16,441

18,488

12%

Ladakh

81

121

49%

311

377

21%

Other Territory

97

140

44%

281

685

144%

Grand Total

2,35,167

2,70,777

15%

4,46,167

4,97,562

12%

 

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NB/VM/KMN


[1] 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



Source PIB