GST Collection in Nov 2023 Hits Rs 1,67,929 Lakh Crore, Records 15% YoY Growth

Last updated: 02 December 2023

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

Gross GST collection crosses Rs 1.60 lakh crore mark for the sixth time in FY 2023-24 GST collection higher by 11.9% Y-o-Y for FY2023-24 upto November, 2023

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

The government has settled Rs 37,878 crore to CGST and Rs 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 Rs 68,297 crore for CGST and Rs 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 Rs 1.60 lakh crore mark in FY 2023-24.The gross GST collection for the FY 2023-24 ending November, 2023 [Rs 13,32,440 crore, averaging Rs 1.66 lakh per month] is 11.9 % higher than the gross GST collection for the FY 2022-23 ending November, 2022 [Rs 11,90,920 crore, averaging Rs 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)

Chart

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%



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