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

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....,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5% <br>GST<br>Dated:- 1-3-2024<br><BR>Average monthly gross collection for FY2023-24 is &#8377;1.67 lakh crore, exceeding &#8377;1.5 lakh for FY2022-23 Gross GST collection reaches &#8377;18.40 lakh crore for FY2023-24, grows 11.7% Y-o-Y Net revenue at &#8377;1.51 lakh crore is up 13.6% for the month and up by 13% for the year at &#8377;16.36 lakh crore Gross Goods and Services Tax (GST) revenue collected for February 2024 is &#8377;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....

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.... goods. GST revenue net of refunds for February 2024 is &#8377;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 &#8377;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 &#8377;1.67 lakh crore, exceeding the &#8377;1.5 lakh crore collected in the previous year&#39;s corresponding period. GST revenue net of refunds as of February 2024 for the current fiscal year is &#8377;16.36 lakh crore which is a growth of 13.0% over that for the same period last year. Overall, the GST reve....

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....nue figures demonstrate continued growth momentum and positive performance. Breakdown of February 2024 Collections: * Central Goods and Services Tax (CGST): &#8377;31,785 crore State Goods and Services Tax (SGST): &#8377;39,615 crore Integrated Goods and Services Tax (IGST): &#8377;84,098 crore, including &#8377;38,593 crore collected on imported goods Cess: &#8377;12,839 crore, including &#8377;984 crore collected on imported goods Inter-Governmental Settlement: The central government settled &#8377;41,856 crore to CGST and &#8377;35,953 crore to SGST from the IGST collected. This translates to a total revenue of &#8377;73,641 crore for CGST and &#8377;75,569 crore for SGST after regular settlement. The chart below shows trends ....

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....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 ....

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.... -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 5,21....

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....1 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....

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....,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 7,41....

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....7 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 ....

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....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%<BR> News - Press release - PIB....