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India's State-wise GST Revenue Performance in August 2024

The Indian government reported a 10% year-on-year increase in gross monthly GST collections for August 2024, reaching Rs. 1.75 lakh crore. This growth was fueled by significant increases in both domestic and import transactions. Maharashtra led in total collections, while states like Manipur and the Andaman and Nicobar Islands showed remarkable year-on-year growth. The article also provides a detailed breakdown of state-wise GST and SGST figures, highlighting regional contributions and growth trends.

📖 7 min read read🏷️ GST Collections & Revenue Analysis

On September 1, 2024, the Indian government formally released its GST collection report for August 2024. As per the detailed information from the Goods and Services Tax portal, the total monthly GST collection for August 2024 saw a 10% increase, reaching Rs. 1.75 lakh crore, compared to Rs. 1.59 lakh crore in the same month last year. However, this figure represents a decrease from July 2024's collection of Rs. 1.82 lakh crore.

Overview of August 2024 GST Revenue Performance

The GST collections for August 2024 exhibited significant year-on-year growth of 10.1%. This includes Rs. 1.72 lakh crore from Central GST (CGST), Rs. 2.13 lakh crore from State GST (SGST), Rs. 4.64 lakh crore from Integrated GST (IGST), and Rs. 64 thousand crore from Cess. This expansion is attributed to a considerable 11.3% rise in domestic transactions and a 6.5% increase in imports. Notably, import transactions recorded a higher month-on-month revenue surge of 12.1% compared to the 9.2% growth in domestic transactions since the prior month.

State-wise Breakdown of GST Collections in August 2024

The government has published the state-specific GST collection data for August 2024. Maharashtra continued to lead in total collection figures, with Karnataka, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh following. Manipur and the Andaman and Nicobar Islands demonstrated the highest year-on-year growth, exceeding 65%. Chandigarh, Ladakh, and Delhi also showed strong annual growth rates of 27%, 23%, and 22% respectively, when compared to August 2023. Key revenue-contributing states like Maharashtra and Karnataka saw year-on-year growth of 13% and 11% respectively.

State and Union Territory GST Revenue Growth in August 2024

The following table presents the state-wise revenue figures for all states and UTs.

State/UTAugust 2023Ausgut 2024Growth (%)
Jammu and Kashmir5235699%
Himachal Pradesh72582714%
Punjab1,8131,9367%
Chandigarh19224427%
Uttarakhand1,3531,3510%
Haryana7,6668,62312%
Delhi4,6205,63522%
Rajasthan3,6263,8205%
Uttar Pradesh7,4688,26911%
Bihar1,3791,4918%
Sikkim3193262%
Arunachal Pradesh8274-10%
Nagaland5142-18%
Manipur405638%
Mizoram3228-13%
Tripura78859%
Meghalaya189155-18%
Assam1,1481,35318%
West Bengal4,8005,0776%
Jharkhand2,7212,8505%
Odisha4,4084,87811%
Chhattisgarh2,8962,611-10%
Madhya Pradesh3,0643,43812%
Gujarat9,76510,3446%
Dadra and Nagar Haveli and Daman & Diu325320-1%
Maharashtra23,28226,36713%
Karnataka11,11612,34411%
Goa5095314%
Lakshadweep32-44%
Kerala2,3062,5119%
Tamil Nadu9,47510,1817%
Puducherry2312341%
Andaman and Nicobar Islands212729%
Telangana4,3934,5694%
Andhra Pradesh3,4793,298-5%
Ladakh273323%
Other Territory1841998%
Center Jurisdiction19328849%
Totals1,14,5031,24,9869%

Monthly Comparison of State-wise SGST: Pre and Post-Settlement

The table below provides a state-wise overview of State GST (SGST) figures for August 2024, both before and after the settlement process.

Pre-Settlement SGSTPost-Settlement SGST
State/UTAug-23Aug-24Growth
Jammu and Kashmir1,2841,2890%
Himachal Pradesh1,1301,1724%
Punjab3,5553,8909%
Chandigarh28431611%
Uttarakhand2,2022,50714%
Haryana8,3049,66416%
Delhi6,4307,34214%
Rajasthan7,1677,5696%
Uttar Pradesh13,55215,14612%
Bihar3,4443,7689%
Sikkim237165-31%
Arunachal Pradesh306263-14%
Nagaland131125-5%
Manipur14818123%
Mizoram1321385%
Tripura2232272%
Meghalaya2692680%
Assam2,4582,70910%
West Bengal10,06210,3132%
Jharkhand3,8243,719-3%
Odisha6,8707,81614%
Chhattisgarh3,5053,6745%
Madhya Pradesh5,3345,7838%
Gujarat17,43918,9259%
Dadra and Nagar Haveli and Daman and Diu26831718%
Maharashtra42,05346,58811%
Karnataka16,62818,63112%
Goa9451,06813%
Lakshadweep143-82%
Kerala5,8196,0344%
Tamil Nadu16,63818,53511%
Puducherry20422510%
Andaman and Nicobar Islands9995-4%
Telangana7,9098,4377%
Andhra Pradesh5,9056,1474%
Ladakh799013%
Other Territory9580-15%
Grand Total1,94,9492,13,2199%

Given the consistent rise in revenue compared to previous years, the outcomes of the forthcoming 54th GST Council meeting regarding rate rationalization will be keenly observed. Furthermore, at the last council meeting, the Finance Minister underscored the necessity of implementing measures to promote trade and simplify GST compliance. A decision is also anticipated regarding the discontinuation of the compensation cess, which was initially enacted for a five-year period to assist states in offsetting initial revenue losses and stabilizing the system as collections mature.

Further Reading

Frequently Asked Questions

What is GST, and how does it function in India?
GST, or Goods and Services Tax, is an indirect tax levied on the supply of goods and services in India. It replaced multiple cascading taxes, aiming to simplify the tax structure by being collected at each stage of production and distribution, with input tax credit available for taxes paid at previous stages.
How is GST revenue distributed between the central and state governments?
GST revenue is categorized into Central GST (CGST) for the central government, State GST (SGST) for state governments, and Integrated GST (IGST) for inter-state transactions, which is later settled between the center and states. Additionally, a GST Cess is collected on certain goods to compensate states for revenue losses during the initial years of GST implementation.
What are the different components of GST in India?
In India, GST comprises four main components: Central GST (CGST), collected by the Central Government; State GST (SGST), collected by state governments; Integrated GST (IGST), collected by the Central Government on inter-state supplies and imports; and Union Territory GST (UTGST), for Union Territories without a legislature. A Compensation Cess is also applied to specific luxury or demerit goods.
Why is a state-wise analysis of GST collections important?
A state-wise analysis of GST collections is crucial for understanding regional economic performance, assessing the effectiveness of tax policies, and identifying areas of growth or concern. It helps states and the central government in budgetary planning, resource allocation, and formulating targeted economic development strategies.
What impact does an increase in GST collections have on the Indian economy?
An increase in GST collections indicates robust economic activity, including higher consumption and business transactions. This positively impacts government revenue, allowing for increased public spending on infrastructure, social welfare programs, and debt reduction, ultimately contributing to economic stability and growth.

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