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    August 13, 2026
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      Home› news › GST › 2024 › March, 2024 › This
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      GST

      ₹1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%

      March 1, 2024

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      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 11.7% higher than the collection for the same period in FY 2022-23. The average monthly gross collection for FY 2023-24 is ₹1.67 lakh crore, exceeding the ₹1.5 lakh crore collected in the previous year's corresponding period. GST revenue net of refunds as of February 2024 for the current fiscal year is ₹16.36 lakh crore which is a growth of 13.0% over that for the same period last year. Overall, the GST revenue figures demonstrate continued growth momentum and positive performance.

      Breakdown of February 2024 Collections:

      • Central Goods and Services Tax (CGST): ₹31,785 crore
      • State Goods and Services Tax (SGST): ₹39,615 crore
      • Integrated Goods and Services Tax (IGST): ₹84,098 crore, including ₹38,593 crore collected on imported goods
      • Cess: ₹12,839 crore, including ₹984 crore collected on imported goods

      Inter-Governmental Settlement: The central government 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.

      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%

      Punjab

                   1,651

                   1,955

      18%

      Chandigarh

                      188

                      211

      12%

      Uttarakhand

                   1,405

                   1,525

      9%

      Haryana

                   7,310

                   8,269

      13%

      Delhi

                   4,769

                   5,544

      16%

      Rajasthan

                   3,941

                   4,211

      7%

      Uttar Pradesh

                   7,431

                   8,054

      8%

      Bihar

                   1,499

                   1,491

      -1%

      Sikkim

                      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

                   5,357

      8%

      Jharkhand

                   2,962

                   2,933

      -1%

      Odisha

                   4,519

                   5,136

      14%

      Chhattisgarh

                   3,009

                   3,124

      4%

      Madhya Pradesh

                   3,235

                   3,572

      10%

      Gujarat

                   9,574

                 11,029

      15%

      Dadra and Nagar Haveli and Daman & Diu

                283

                355

      25%

      Maharashtra

                 22,349

                 27,065

      21%

      Karnataka

                 10,809

                 12,815

      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

      3%

      Ladakh

                        24

                        35

      43%

      Other Territory

                      211

                      204

      -3%

      Center Jurisdiction

                      154

                      232

      51%

      Grand Total

             1,13,096

             1,28,760

      14%

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

      April-February (Rs. in crore)

       

      Pre-Settlement SGST

      Post-Settlement SGST

      State/UT

      2022-23

      2023-24

      Growth

      2022-23

      2023-24

      Growth

      Jammu and Kashmir

                   2,133

               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

      12%

             28,469

             31,975

      12%

      Delhi

                 12,504

             14,235

      14%

             26,097

             29,187

      12%

      Rajasthan

                 14,227

             15,762

      11%

             32,008

             35,505

      11%

      Uttar Pradesh

                 24,900

             29,560

      19%

             60,572

             69,782

      15%

      Bihar

                   6,678

               7,478

      12%

             21,319

             24,231

      14%

      Sikkim

                      274

                   387

      42%

                  773

                   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

               1,435

      6%

      Meghalaya

                      435

                   550

      26%

               1,370

               1,557

      14%

      Assam

                   4,694

               5,413

      15%

            11,524

             13,347

      16%

      West Bengal

                 19,626

             21,407

      9%

            35,884

             38,335

      7%

      Jharkhand

                   7,034

               7,967

      13%

            10,359

             11,220

      8%

      Odisha

                 12,779

             14,796

      16%

            17,636

             22,636

      28%

      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%

      Karnataka

                 32,302

             37,305

      15%

             60,218

             68,428

      14%

      Goa

                   1,830

               2,137

      17%

               3,270

               3,752

      15%

      Lakshadweep

                           9

                     18

      107%

                    37

                     79

      114%

      Kerala

                 11,247

             12,809

      14%

             26,851

             28,358

      6%

      Tamil Nadu

                 32,929

             37,024

      12%

             53,091

             58,904

      11%

      Puducherry

                      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

                      165

                   218

      32%

                  542

               1,043

      93%

      Grand Total

             3,72,937

         4,27,449

      15%

         7,05,246

         7,92,773

      12%

       

      Topics

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