Detailed Breakdown of Goods and Services Tax Revenue Across Indian States for October 2024
This article provides an in-depth analysis of India's Goods and Services Tax (GST) collections for October 2024. It details the gross monthly revenue, its year-on-year growth, and the contributions from CGST, SGST, IGST, and cess. A comprehensive state-wise breakdown highlights leading states in revenue generation and year-on-year growth, along with a comparison of pre- and post-settlement State GST figures, attributing the rise to festive season consumption.
The Goods and Services Tax (GST) collection report for October 2024 was published by the GST Network on November 1, 2024. According to the advisory on the official GST portal, the total gross GST collected for October 2024 reached Rs.1,87,346 crores. This represents an increase compared to the previous month's collection of Rs.1,73,240 crores. The report indicates a year-on-year growth of 8.9%, which is higher than the 6.5% recorded for the preceding month. This monthly improvement is attributed to increased consumer spending during the festive period.
Overview of October 2024 GST Revenue
During October 2024, the monthly GST collections demonstrated a healthy year-on-year increase of 8.9%. The Central Goods and Services Tax (CGST) component amounted to Rs.33,821 crore, while the State Goods and Services Tax (SGST) reached Rs.41,864 crores. Integrated Goods and Services Tax (IGST) contributed Rs.99,111 crores, and cess collections totaled Rs.12,550 crores. Both domestic transactions and imports experienced year-on-year growth, rising by 10.6% and 3.9% respectively.
State-wise GST Revenue for October 2024
The government has also provided a breakdown of GST collections for each state and union territory for October 2024. Maharashtra maintained its position as the top contributor to gross monthly revenue, a trend observed from the previous month. Other significant contributors include Karnataka, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh.
States such as Ladakh, Kerala, and Puducherry recorded the highest year-on-year (YoY) growth, with rates between 20% and 30% compared to October 2023. Following these were Gujarat, Chandigarh, Haryana, Tripura, Meghalaya, and West Bengal, which reported growth rates ranging from 15% to 17%. Major revenue-generating states like Karnataka and Maharashtra also saw substantial YoY growth of 9% and 14%, respectively.
October 2024 State and Union Territory GST Revenue Growth
The table below presents the GST revenue figures for all states and union territories for October 2024, along with their year-on-year growth percentages.
| State/UT | Oct-23 | Oct-24 | Growth (%) |
|---|---|---|---|
| Jammu and Kashmir | 593 | 608 | 2% |
| Himachal Pradesh | 885 | 867 | -2% |
| Punjab | 1,981 | 2,211 | 12% |
| Chandigarh | 210 | 243 | 16% |
| Uttarakhand | 1,834 | 1,834 | 0% |
| Haryana | 8,716 | 10,045 | 15% |
| Delhi | 7,754 | 8,660 | 12% |
| Rajasthan | 4,046 | 4,469 | 10% |
| Uttar Pradesh | 8,964 | 9,602 | 7% |
| Bihar | 1,406 | 1,604 | 14% |
| Sikkim | 326 | 333 | 2% |
| Arunachal Pradesh | 87 | 58 | -33% |
| Nagaland | 49 | 45 | -8% |
| Manipur | 70 | 67 | -5% |
| Mizoram | 39 | 41 | 5% |
| Tripura | 91 | 105 | 15% |
| Meghalaya | 142 | 164 | 15% |
| Assam | 1,313 | 1,478 | 13% |
| West Bengal | 4,853 | 5,597 | 15% |
| Jharkhand | 2,886 | 2,974 | 3% |
| Odisha | 4,177 | 4,592 | 10% |
| Chhattisgarh | 2,681 | 2,656 | -1% |
| Madhya Pradesh | 3,326 | 3,649 | 10% |
| Gujarat | 9,730 | 11,407 | 17% |
| Dadra and Nagar Haveli and Daman & Diu | 373 | 369 | -1% |
| Maharashtra | 27,309 | 31,030 | 14% |
| Karnataka | 11,971 | 13,081 | 9% |
| Goa | 530 | 559 | 5% |
| Lakshadweep | 1 | 1 | -13% |
| Kerala | 2,418 | 2,896 | 20% |
| Tamil Nadu | 10,761 | 11,188 | 4% |
| Puducherry | 212 | 252 | 19% |
| Andaman and Nicobar Islands | 29 | 28 | -3% |
| Telangana | 4,868 | 5,211 | 7% |
| Andhra Pradesh | 3,403 | 3,815 | 12% |
| Ladakh | 43 | 56 | 30% |
| Other Territory | 304 | 191 | -37% |
| Center Jurisdiction | 200 | 266 | 33% |
| Grand Total | 1,28,582 | 1,42,251 | 10.63% |
| *Does not include GST on import of goods |
Monthly State-wise SGST Comparison: Pre and Post-Settlement
This section provides a state-by-state comparison of State Goods and Services Tax (SGST) figures for the 2024-25 fiscal year, both before and after settlement.
Pre-Settlement SGST Post-Settlement SGST
State/UT | 2023-24 | 2024-25 | Growth | 2023-24 | 2024-25 | Growth Jammu and Kashmir | 1,762 | 1,765 | 0% | 4,817 | 5,143 | 7% Himachal Pradesh | 1,546 | 1,597 | 3% | 3,302 | 3,603 | 9% Punjab | 4,903 | 5,342 | 9% | 13,115 | 13,551 | 3% Chandigarh | 389 | 429 | 10% | 1,342 | 1,346 | 0% Uttarakhand | 3,139 | 3,393 | 8% | 4,890 | 5,349 | 9% Haryana | 11,637 | 13,472 | 16% | 20,358 | 22,973 | 13% Delhi | 9,064 | 10,415 | 15% | 18,598 | 20,902 | 12% Rajasthan | 9,859 | 10,418 | 6% | 22,571 | 24,541 | 9% Uttar Pradesh | 18,880 | 20,508 | 9% | 42,482 | 48,733 | 15% Bihar | 4,731 | 5,153 | 9% | 15,173 | 16,290 | 7% Sikkim | 297 | 217 | -27% | 629 | 549 | -13% Arunachal Pradesh | 378 | 330 | -13% | 1,155 | 1,068 | -7% Nagaland | 177 | 165 | -7% | 619 | 611 | -1% Manipur | 210 | 232 | 10% | 659 | 702 | 7% Mizoram | 168 | 170 | 1% | 573 | 562 | -2% Tripura | 299 | 312 | 4% | 928 | 1,005 | 8% Meghalaya | 353 | 363 | 3% | 988 | 1,049 | 6% Assam | 3,428 | 3,703 | 8% | 8,470 | 8,985 | 6% West Bengal | 13,799 | 14,128 | 2% | 24,607 | 26,650 | 8% Jharkhand | 5,152 | 5,075 | -1% | 7,128 | 8,188 | 15% Odisha | 9,374 | 10,377 | 11% | 12,723 | 15,035 | 18% Chhattisgarh | 4,773 | 4,963 | 4% | 7,656 | 8,593 | 12% Madhya Pradesh | 7,384 | 7,820 | 6% | 18,100 | 20,385 | 13% Gujarat | 24,005 | 25,898 | 8% | 36,322 | 41,439 | 14% Dadra and Nagar Haveli and Daman and Diu | 372 | 434 | 17% | 606 | 726 | 20% Maharashtra | 58,057 | 64,324 | 11% | 84,712 | 96,724 | 14% Karnataka | 23,400 | 25,822 | 10% | 42,657 | 47,538 | 11% Goa | 1,307 | 1,451 | 11% | 2,299 | 2,479 | 8% Lakshadweep | 16 | 4 | -75% | 66 | 58 | -13% Kerala | 8,082 | 8,529 | 6% | 18,370 | 19,046 | 4% Tamil Nadu | 23,661 | 26,359 | 11% | 37,476 | 44,744 | 19% Puducherry | 288 | 316 | 10% | 833 | 902 | 8% Andaman and Nicobar Islands | 125 | 123 | -1% | 311 | 337 | 8% Telangana | 11,377 | 12,089 | 6% | 23,478 | 25,306 | 8% Andhra Pradesh | 8,128 | 8,416 | 4% | 18,488 | 19,171 | 4% Ladakh | 121 | 142 | 18% | 377 | 442 | 17% Other Territory | 140 | 112 | -20% | 685 | 503 | -27% Grand Total | 2,70,777 | 2,94,365 | 9% | 4,97,562 | 5,55,227 | 12% 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
The October 2024 GST revenues showed a significant increase, aligning with expectations for the festive period. This upward trend is anticipated to persist in subsequent months, influenced by potential GST rate rationalisation efforts from future GST Council meetings. The government initiated the publication of monthly GST revenue reports on the GST portal a few months ago, with the October 2024 report being released on November 1, 2024.