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Detailed Analysis of India's GST Revenue for December 2024, Including State-Level Breakdown

The Goods and Services Tax (GST) collections for December 2024 reached Rs. 1,76,857 crores, showing a 7.3% year-on-year increase primarily due to an 8.4% rise in domestic transactions. While indicating strong economic activity, this figure reflects a slight month-on-month slowdown compared to November. The data highlights continued economic recovery and improved tax compliance across Indian states and Union Territories, with Maharashtra leading in gross revenue.

📖 6 min read read🏷️ GST Collection

The Goods and Services Tax (GST) collection report for December 2024 was officially released by the GST Network on January 1, 2025. According to the detailed advisory published on the GST portal, the gross monthly GST revenue reached Rs. 1,76,857 crores. This figure shows a decrease compared to the previous month's collection of Rs. 1,82,269 crores, suggesting a slight moderation in the month-on-month growth trajectory of GST collection.

Analysis of December 2024 GST Collection

December 2024's GST collections demonstrated a healthy 7.3% increase year-on-year. The revenue components included CGST at Rs. 32,836 crore, SGST at Rs. 40,499 crore, IGST at Rs. 91,221 crore, and cess at Rs. 12,301 crore. Domestic transactions showed significant growth of 8.4%, indicating heightened economic activity and improved compliance. In contrast, import revenues experienced a modest increase of 3.9%.

State-wise GST Revenue for December 2024

The government has also released detailed state-wise GST collection data for December 2024, revealing a consistent upward trend in gross revenues across most states. Maharashtra continued to lead in absolute gross monthly revenue, followed by Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh.

States and Union Territories that reported the highest year-on-year (YoY) growth for December 2024, ranging from 22% to 72%, included the Andaman & Nicobar Islands, Sikkim, Punjab, and Haryana. Major contributors like Maharashtra and Karnataka recorded steady YoY growth rates of 9% and 7%, respectively. These statistics underscore the strength of India's GST framework and the ongoing economic recovery witnessed across its regions.

State-wise growth of GST Revenues during December 2024*

State/UTDec-23Dec-24Growth (%)
Jammu and Kashmir49254711%
Himachal Pradesh74581610%
Punjab1,8752,29422%
Chandigarh281224-20%
Uttarakhand1,4701,5475%
Haryana8,13010,40328%
Delhi5,1215,5939%
Rajasthan3,8284,1468%
Uttar Pradesh8,0118,1171%
Bihar1,4871,5212%
Sikkim25432930%
Arunachal Pradesh9770-27%
Nagaland465111%
Manipur5046-8%
Mizoram27285%
Tripura79835%
Meghalaya171150-12%
Assam1,3031,3745%
West Bengal5,0195,1903%
Jharkhand2,6322,98113%
Odisha4,3514,84111%
Chhattisgarh2,6132,88210%
Madhya Pradesh3,4233,4601%
Gujarat9,87410,2794%
Dadra and Nagar Haveli and Daman &3333320%
Maharashtra26,81429,2609%
Karnataka11,75912,5267%
Goa5535785%
Lakshadweep42-54%
Kerala2,4582,5755%
Tamil Nadu9,88810,95611%
Puducherry232228-2%
Andaman and Nicobar Islands284972%
Telangana4,7535,22410%
Andhra Pradesh3,5453,315-6%
Ladakh586512%
Other Territory227196-14%
Center Jurisdiction24330827%
Grand Total1,22,2701,32,5898%

*Does not include GST on import of goodsSource: GSTN’s Advisory dated 1st January 2025

Monthly Comparison of State GST (SGST) Before and After Settlement

This section provides a state-wise comparison of State GST (SGST) figures for the fiscal year 2024-25 to date, illustrating both pre-settlement and post-settlement amounts.

State/UT2023-242024-25Growth2023-242024-25Growth
Jammu and Kashmir2,1882,2342%6,0216,5749%
Himachal Pradesh1,9292,0426%4,1604,63011%
Punjab6,2806,8579%16,38218,15311%
Chandigarh49556715%1,7081,7593%
Uttarakhand4,0464,3548%6,2886,93510%
Haryana14,99217,27915%25,73329,36414%
Delhi11,54413,20014%23,61126,77113%
Rajasthan12,73213,4376%28,79432,08511%
Uttar Pradesh24,16425,9117%55,65663,06813%
Bihar6,0676,68110%19,15720,9319%
Sikkim341302-11%738725-2%
Arunachal Pradesh464393-15%1,4181,324-7%
Nagaland226208-8%7817891%
Manipur2542717%8138555%
Mizoram1972023%707699-1%
Tripura3753914%1,1661,2689%
Meghalaya4384441%1,2441,3166%
Assam4,3464,7128%10,72711,5147%
West Bengal17,42817,8342%31,30034,2619%
Jharkhand6,5456,481-1%9,14810,42814%
Odisha11,90313,07710%18,09319,1786%
Chhattisgarh6,0046,3886%9,93711,39915%
Madhya Pradesh9,60610,1075%24,02626,50310%
Gujarat31,02833,3287%46,62453,74615%
Dadra and Nagar Haveli and48155315%80495519%
Maharashtra74,58983,40612%1,08,8871,26,26716%
Karnataka30,07033,16610%54,88161,31012%
Goa1,6851,87811%2,9513,25110%
Lakshadweep177-60%728215%
Kerala10,29310,9276%23,04524,3416%
Tamil Nadu30,32933,99012%47,96056,98619%
Puducherry37140710%1,0371,14310%
Andaman and Nicobar Islan1551646%38843011%
Telangana14,57915,6758%29,88932,6539%
Andhra Pradesh10,40710,6893%23,48124,5054%
Ladakh18620913%52359714%
Other Territory182141-23%903624-31%
Grand Total3,46,9383,77,9119%6,39,0527,17,41912%

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 December 2024 amounted to Rs. 1.77 lakh crore, demonstrating a 7.3% year-on-year growth. This expansion was predominantly fueled by an 8.4% surge in domestic transactions, complemented by consistent revenues from imports. Although the overall collection points to strong economic activity, it signifies a minor deceleration compared to November's Rs. 1.82 lakh crore. The data for the current year consistently reflects sustained economic momentum, indicating ongoing recovery and enhanced compliance within the GST framework.

Further Reading

Frequently Asked Questions

What is GST?
Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multi-stage, destination-based tax that replaced multiple cascading taxes levied by the central and state governments.
How is GST revenue distributed?
GST revenue is collected as CGST (Central GST), SGST (State GST), and IGST (Integrated GST). CGST goes to the central government, SGST to the state government, and IGST is levied on inter-state supplies and imports, with a portion later settled to the consuming states.
What factors influence monthly GST collection figures?
Monthly GST collections are influenced by various factors, including economic growth, consumer spending, import volumes, compliance levels of businesses, and changes in tax policies or rates.
Why is year-on-year growth important for GST collections?
Year-on-year growth provides a more accurate picture of economic health and tax revenue trends by smoothing out seasonal fluctuations and short-term anomalies, offering insights into sustained economic momentum.
Which states generally contribute the most to India's GST collections?
Historically, economically larger states like Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh are major contributors to India's GST collections due to their higher economic activity and consumption bases.

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