India’s GST revenue hit Rs 1.82 lakh crore in Nov 2024, an 8.5% rise. Maharashtra leads collections as domestic transactions drive growth.
The Goods and Services Tax (GST) collection report for November 2024 was published by the GST Network on December 1, 2024. According to the official advisory from the GST portal, the total gross monthly GST revenue amounted to Rs. 1,82,269 crore. This figure is slightly lower than the previous month’s collection of Rs. 1,87,346 crore. While the collection demonstrates an 8.5% year-on-year increase, compared to 8.9% last month, the month-over-month decrease suggests a deceleration in growth.
Analysis of Goods and Services Tax Collection for November 2024
An examination of the November 2024 monthly GST collections reveals a solid 8.5% increase year-on-year. The breakdown of these collections includes Central GST (CGST) at Rs. 34,141 crore, State GST (SGST) at Rs. 38,226 crore, Integrated GST (IGST) at Rs. 91,821 crore, and cess at Rs. 13,253 crore. Both domestic transactions and imports contributed positively, showing year-on-year increases of 9.4% and 5.9% respectively.
State-wise GST Collection for November 2024
The government has also published the state-level GST collections for November 2024. Maharashtra maintained its position as the top contributor to absolute gross monthly revenue, continuing a trend from the previous month. Other significant contributors include Karnataka, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh. Lakshadweep, Sikkim, and Puducherry demonstrated the most substantial year-on-year growth for November 2024, achieving rates between 20% and 30% compared to November 2023. Gujarat, Chandigarh, Haryana, Tripura, Meghalaya, and West Bengal also reported strong growth, ranging from 15% to 17%. Notably, major revenue-contributing states like Karnataka and Maharashtra experienced year-on-year growth of 9% and 17% respectively.
State-wise Growth of GST Revenues During November 2024
The table below presents the state-wise GST revenue data for all states and Union Territories:
| State/UT | Nov-23 | Nov-24 | Growth (%) |
|---|---|---|---|
| Jammu and Kashmir | 469 | 586 | 25% |
| Himachal Pradesh | 802 | 878 | 9% |
| Punjab | 2,265 | 2,327 | 3% |
| Chandigarh | 210 | 253 | 20% |
| Uttarakhand | 1,601 | 1,824 | 14% |
| Haryana | 9,732 | 9,900 | 2% |
| Delhi | 5,347 | 6,311 | 18% |
| Rajasthan | 4,682 | 4,622 | -1% |
| Uttar Pradesh | 8,973 | 9,432 | 5% |
| Bihar | 1,388 | 1,561 | 12% |
| Sikkim | 234 | 356 | 52% |
| Arunachal Pradesh | 92 | 71 | -23% |
| Nagaland | 67 | 52 | -22% |
| Manipur | 40 | 38 | -4% |
| Mizoram | 33 | 38 | 16% |
| Tripura | 83 | 98 | 18% |
| Meghalaya | 163 | 144 | -12% |
| Assam | 1,232 | 1,358 | 10% |
| West Bengal | 4,915 | 5,206 | 6% |
| Jharkhand | 2,633 | 2,950 | 12% |
| Odisha | 4,295 | 4,704 | 10% |
| Chhattisgarh | 2,936 | 2,897 | -1% |
| Madhya Pradesh | 3,646 | 3,812 | 5% |
| Gujarat | 10,853 | 12,192 | 12% |
| Dadra and Nagar Haveli and Daman & Diu | 333 | 348 | 5% |
| Maharashtra | 25,585 | 29,948 | 17% |
| Karnataka | 11,970 | 13,722 | 15% |
| Goa | 503 | 560 | 11% |
| Lakshadweep | 0 | 5 | 1120% |
| Kerala | 2,515 | 2,763 | 10% |
| Tamil Nadu | 10,255 | 11,096 | 8% |
| Puducherry | 228 | 229 | 0% |
| Andaman and Nicobar Islands | 31 | 32 | 3% |
| Telangana | 4,986 | 5,141 | 3% |
| Andhra Pradesh | 4,093 | 3,699 | -10% |
| Ladakh | 62 | 67 | 7% |
| Other Territory | 222 | 172 | -22% |
| Center Jurisdiction | 223 | 286 | 29% |
| Grand Total | 127,695 | 139,678 | 9.38% |
*Does not include GST on import of goods
Source: GSTN’s Advisory dated 1st December 2024
Monthly Comparison of State-wise SGST Settled, Before and After Settlement
Below is a detailed state-wise comparison of pre-settlement and post-settlement State GST figures for the fiscal year 2024-25 to date:
| Pre-Settlement SGST | Post-Settlement SGST2 |
|—|—|—
| State/UT | 2023-24 | 2024-25 | Growth | 2023-24 | 2024-25 | Growth
| Jammu and Kashmir | 1,960 | 2,013 | 3% | 5,367 | 5,932 | 11%
| Himachal Pradesh | 1,731 | 1,841 | 6% | 3,701 | 4,178 | 13%
| Punjab | 5,612 | 6,129 | 9% | 14,734 | 16,102 | 9%
| Chandigarh | 439 | 502 | 14% | 1,505 | 1,576 | 5%
| Uttarakhand | 3,625 | 3,915 | 8% | 5,586 | 6,275 | 12%
| Haryana | 13,415 | 15,468 | 15% | 23,134 | 26,246 | 13%
| Delhi | 10,340 | 11,847 | 15% | 21,037 | 24,028 | 14%
| Rajasthan | 11,348 | 12,017 | 6% | 25,699 | 28,658 | 12%
| Uttar Pradesh | 21,624 | 23,376 | 8% | 49,282 | 56,687 | 15%
| Bihar | 5,377 | 5,913 | 10% | 16,991 | 18,735 | 10%
| Sikkim | 321 | 264 | -18% | 677 | 646 | -5%
| Arunachal Pradesh | 418 | 361 | -14% | 1,276 | 1,188 | -7%
| Nagaland | 206 | 186 | -10% | 701 | 699 | 0%
| Manipur | 229 | 249 | 9% | 730 | 783 | 7%
| Mizoram | 182 | 189 | 4% | 634 | 633 | 0%
| Tripura | 335 | 352 | 5% | 1,037 | 1,139 | 10%
| Meghalaya | 394 | 407 | 3% | 1,103 | 1,187 | 8%
| Assam | 3,885 | 4,206 | 8% | 9,553 | 10,352 | 8%
| West Bengal | 15,600 | 16,025 | 3% | 28,042 | 30,737 | 10%
| Jharkhand | 5,866 | 5,776 | -2% | 8,116 | 9,327 | 15%
| Odisha | 10,626 | 11,723 | 10% | 15,515 | 17,253 | 11%
| Chhattisgarh | 5,398 | 5,692 | 5% | 8,831 | 10,143 | 15%
| Madhya Pradesh | 8,496 | 9,043 | 6% | 20,673 | 23,674 | 15%
| Gujarat | 27,671 | 30,000 | 8% | 41,545 | 48,096 | 16%
| Dadra and Nagar Hav | 426 | 497 | 17% | 699 | 845 | 21%
| Maharashtra | 65,983 | 73,941 | 12% | 96,551 | 112,174 | 16%
| Karnataka | 26,713 | 29,514 | 10% | 48,766 | 54,922 | 13%
| Goa | 1,487 | 1,659 | 12% | 2,616 | 2,873 | 10%
| Lakshadweep | 16 | 6 | -60% | 69 | 70 | 2%
| Kerala | 9,171 | 9,743 | 6% | 20,623 | 21,792 | 6%
| Tamil Nadu | 27,046 | 30,282 | 12% | 42,472 | 51,430 | 21%
| Puducherry | 330 | 363 | 10% | 933 | 1,042 | 12%
| Andaman and Nicoba | 140 | 140 | 0% | 347 | 378 | 9%
| Telangana | 12,994 | 13,859 | 7% | 26,691 | 29,186 | 9%
| Andhra Pradesh | 9,291 | 9,613 | 3% | 20,952 | 21,998 | 5%
| Ladakh | 155 | 176 | 14% | 457 | 528 | 15%
| Other Territory | 156 | 125 | -20% | 822 | 554 | -33%
| Grand Total | 309,003 | 337,412 | 9% | 567,464 | 642,064 | 13%
Post-Settlement GST is cumulative of the GST revenues of the States/UTs and the SGST portion of the IGST settled to the States/UT.
In summary, India’s GST collections for November 2024 totaled Rs. 1,82,269 crore, representing an 8.5% increase from the previous year. This growth was largely attributed to a 9.4% rise in domestic economic activities. Although the overall collection trend remains positive, the slight decrease from October’s Rs. 1,87,346 crore suggests a potential moderation in the economic momentum.
