India’s GST collections for November 2023 totalled Rs. 1,67,929 crore, up 15% year-on-year. While this was slightly below the Rs.1,72,003 crore collected in October 2023, it marked the highest YoY growth rate for FY 2023-24 and the sixth instance of collections exceeding Rs.1.60 lakh crore in the fiscal year.
Breakdown of November 2023 GST Collections
The total GST revenue of Rs. 1,67,929 crore for November 2023 comprised the following components:
• Central GST (CGST): Rs. 30,420 crore
• State GST (SGST): Rs. 38,226 crore
• Integrated GST (IGST): Rs.87,009 crore (including Rs.39,198 crore from imports)
• Cess: Rs. 12,274 crore (including Rs. 1,036 crore from imports)
From the IGST collections, Rs. 37,878 crore was settled towards CGST and Rs. 31,557 crore towards SGST. After these settlements, the central government retained Rs. 68,297 crore and state governments retained Rs. 69,783 crore.
November 2023 GST Revenue Performance
| Parameter | Value |
| Total collection (November 2023) | Rs.1,67,929 crore |
| Previous month (October 2023) | Rs.1,72,003 crore |
| November 2022 collection | Rs.1,45,867 crore |
| Year-on-year growth | 15% |
| Domestic revenue growth (YoY) | 20% |
| Cumulative collection (Apr-Nov 2023) | Rs.13,32,440 crore |
| Average monthly collection | Rs. 1.66 lakh crore |
Analysis of Collection Trends
November 2023 achieved the highest year-on-year growth rate of 15% for FY 2023-24, surpassing previous months. Domestic revenue, which includes service imports, rose 20% year over year in November 2022.
The cumulative gross GST collection for April to November FY 2023-24 reached Rs. 13,32,440 crore, averaging Rs. 1.66 lakh crore monthly. This represents an 11.9% increase over the Rs. 11,90,920 crore collected during the same period in FY 2022-23 (an average of Rs. 1.49 lakh crore per month).
The decline compared to October 2023 is attributed to the festive season effect. October collections were boosted by increased consumption during the Dussehra period, while November represents a return to normal economic activity patterns. The lowest collection for FY 2023-24 was recorded in May 2023 at Rs. 1,57,090 crore.
Top 10 States by GST Collection (November 2023)
| State | Nov 2022 (Rs. Crore) | Nov 2023 (Rs. Crore) | Growth |
| Maharashtra | 21,611 | 25,585 | 18% |
| Karnataka | 10,238 | 11,970 | 17% |
| Gujarat | 9,333 | 10,853 | 16% |
| Tamil Nadu | 8,551 | 10,255 | 20% |
| Haryana | 6,769 | 9,732 | 44% |
| Uttar Pradesh | 7,254 | 8,973 | 24% |
| Delhi | 4,566 | 5,347 | 17% |
| Telangana | 4,228 | 4,986 | 18% |
| West Bengal | 4,371 | 4,915 | 12% |
| Rajasthan | 3,618 | 4,682 | 29% |
Haryana recorded the highest growth rate at 44% among major states, followed by Rajasthan at 29% and Uttar Pradesh at 24%. Among smaller states, Nagaland achieved 99% growth, Arunachal Pradesh 48%, and Tripura 39%.
The grand total across all states and UTs (excluding imports) reached Rs. 1,27,695 crore in November 2023, up from Rs. 1,06,416 crore in November 2022, reflecting 20% domestic growth.
Annual SGST Comparison (Pre and Post Settlement)
For FY 2023-24 (April to November), the total pre-settlement SGST across all states grew 15% to Rs. 3,09,003 crore from Rs. 2,67,818 crore in the corresponding period of FY 2022-23.
After IGST settlement, the total state revenue grew 12% to Rs. 5,67,464 crore from Rs. 5,07,355 crore. This indicates that the settlement mechanism from IGST provides a substantial additional revenue stream to state governments, nearly doubling their pre-settlement SGST figure.
Maharashtra led with post-settlement SGST of Rs. 96,551 crore (16% growth), followed by Karnataka at Rs. 48,766 crore (13% growth) and Tamil Nadu at Rs. 42,472 crore (9% growth).
The Ministry of Finance released the GST collection data for November 2023 through a PIB press report on December 1, 2023.
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| Disclaimer: This article is for informational purposes only and does not constitute legal or tax advice. Consult a qualified tax professional for advice specific to your situation. |
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Frequently Asked Questions
Q1: What was India’s total GST collection for November 2023?
Total GST collection for November 2023 was Rs. 1,67,929 crore. This included CGST of Rs. 30,420 crore, SGST of Rs. 38,226 crore, IGST of Rs. 87,009 crore, and Cess of Rs. 12,274 crore.
Q2: Why did November 2023 GST collections decline compared to October 2023?
October 2023 collections of Rs. 1,72,003 crore were higher due to increased consumption during the Dussehra festive period. November typically reflects a return to normal activity patterns after the festive season.
Q3: Which state had the highest GST collection in November 2023?
Maharashtra led with Rs. 25,585 crore in gross GST collection for November 2023, recording 18% year-on-year growth. Karnataka and Gujarat followed at Rs. 11,970 crore and Rs. 10,853 crore respectively.
Q4: How does the IGST settlement process work between the Centre and states?
IGST collected on inter-state transactions is settled to CGST and SGST based on the destination state. In November 2023, Rs. 37,878 crore was settled to CGST and Rs. 31,557 crore to SGST from the total IGST pool.
Q5: What is the significance of the Rs. 1.60 lakh crore threshold in GST collections?
The Rs. 1.60 lakh crore level is considered a benchmark for healthy GST revenue performance. Consistent collections above this level indicate strong economic activity, improved compliance, and a widening tax base nationwide.
