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July 2024 Goods and Services Tax Collection Overview: State-wise Revenue Figures

The Indian government has released the July 2024 Goods and Services Tax (GST) collection data, revealing a significant increase in gross monthly revenue to ₹1.82 lakh crore. This represents a 10.2% year-on-year growth, driven primarily by strong domestic transactions and imports. Maharashtra maintained its leading position in absolute collections, while Ladakh and Manipur recorded the highest year-on-year growth rates. The report also provides a detailed state-wise comparison of pre- and post-settlement State GST figures.

📖 6 min read read🏷️ GST Collections

Following a period without official Goods and Services Tax (GST) revenue announcements for June, the government publicly disclosed the July collection figures on a Thursday. According to a comprehensive report issued on the Goods and Services Tax portal on August 1, 2024, the total gross monthly revenue reached ₹1.82 lakh crore, marking an increase from ₹1.65 lakh crore reported during the same period in the previous year. A media report from July 1, 2024, indicated that the GST collection for June 2024 stood at approximately ₹1.74 lakh crore, as per a media report.

Analysis of July 2024 GST Collection

July 2024's monthly GST collections demonstrated substantial year-on-year growth, reaching 10.2%. This increase was primarily fueled by an 11.8% rise in domestic transactions and a 5.3% increase in imports. Furthermore, import transactions experienced a notable 14.2% monthly revenue surge, while domestic transactions grew by 8.9% since the preceding month.

State-wise GST Collection for July 2024

The government has published the state-wise GST collections for July 2024. Maharashtra led in absolute collection figures, with Karnataka, Gujarat, Tamil Nadu, Uttar Pradesh, and Haryana following. In terms of year-on-year growth, Ladakh and Manipur reported increases exceeding 60% compared to July of the previous year. Nagaland and Andaman and Nicobar Islands also showed strong year-on-year growth, at 34% and 27% respectively, in their monthly revenue compared to July 2023. Major contributing states like Maharashtra and Karnataka recorded year-on-year growth rates of 11% and 13% respectively. The table below presents the state and union territory-wise revenue data.

State/UTJuly 2023July 2024Growth (%)
Jammu and Kashmir54962915%
Himachal Pradesh917854-7%
Punjab2,0002,0693%
Chandigarh2172338%
Uttarakhand1,6071,7006%
Haryana7,9539,08214%
Delhi5,4055,96410%
Rajasthan3,9884,36910%
Uttar Pradesh8,8029,1254%
Bihar1,4881,5695%
Sikkim3143254%
Arunachal Pradesh748110%
Nagaland435834%
Manipur426861%
Mizoram3939-1%
Tripura7872-8%
Meghalaya175142-19%
Assam1,1831,37016%
West Bengal5,1285,2573%
Jharkhand2,8593,13510%
Odisha4,2454,92516%
Chhattisgarh2,8053,31918%
Madhya Pradesh3,3253,68311%
Gujarat9,78711,01513%
Dadra and Nagar Haveli and Daman & Diu354339-4%
Maharashtra26,06428,97011%
Karnataka11,50513,02513%
Goa52859312%
Lakshadweep21-51%
Kerala2,3812,4935%
Tamil Nadu10,02210,4905%
Puducherry2162254%
Andaman and Nicobar Islands313927%
Telangana4,8494,9402%
Andhra Pradesh3,5933,346-7%
Ladakh233867%
Other Territory226220-2%
Center Jurisdiction20923814%
Totals1,23,0261,34,0369%

Monthly State SGST Comparison: Pre and Post-Settlement

This section provides a state-by-state comparison of State Goods and Services Tax (SGST) figures for July 2024, both before and after settlement. The table details the pre-settlement and post-settlement SGST amounts, along with their respective growth rates. Post-settlement GST includes the combined GST revenues of states/union territories and the SGST share of Integrated Goods and Services Tax (IGST) distributed to them. The official July 2024 GST Collections report was made public by the GSTN on the GST portal on August 1, 2024.

| Pre-Settlement SGST | *Post-Settlement SGST | |---|---|---| | State/UT | July-23 | July-24 | Growth | July-23 | July-24 | Growth | | Jammu and Kashmir | 234 | 257 | 10% | 663 | 753 | 14% | | Himachal Pradesh | 233 | 240 | 3% | 518 | 583 | 12% | | Punjab | 727 | 753 | 4% | 1,865 | 1,902 | 2% | | Chandigarh | 57 | 63 | 11% | 190 | 186 | -2% | | Uttarakhand | 415 | 490 | 18% | 625 | 815 | 30% | | Haryana | 1,610 | 1,820 | 13% | 2,866 | 3,309 | 15% | | Delhi | 1,221 | 1,285 | 5% | 2,827 | 2,820 | 0% | | Rajasthan | 1,380 | 1,436 | 4% | 3,199 | 3,610 | 13% | | Uttar Pradesh | 2,751 | 2,811 | 2% | 6,176 | 6,953 | 13% | | Bihar | 718 | 739 | 3% | 2,187 | 2,351 | 8% | | Sikkim | 30 | 25 | -14% | 83 | 73 | -12% | | Arunachal Pradesh | 37 | 37 | 0% | 150 | 141 | -6% | | Nagaland | 18 | 26 | 41% | 88 | 89 | 1% | | Manipur | 23 | 34 | 52% | 80 | 101 | 25% | | Mizoram | 22 | 21 | -4% | 79 | 75 | -6% | | Tripura | 40 | 35 | -12% | 125 | 129 | 3% | | Meghalaya | 50 | 40 | -20% | 149 | 136 | -9% | | Assam | 451 | 463 | 3% | 1146 | 1193 | 4% | | West Bengal | 1,953 | 1,925 | -1% | 3,483 | 3,709 | 6% | | Jharkhand | 721 | 741 | 3% | 1,051 | 1,174 | 12% | | Odisha | 1,300 | 1482 | 14% | 1,716 | 2,035 | 19% | | Chhattisgarh | 627 | 722 | 15% | 1,009 | 1,349 | 34% | | Madhya Pradesh | 1,045 | 1,119 | 7% | 2,626 | 3,132 | 19% | | Gujarat | 3,293 | 3,736 | 13% | 5,210 | 5,838 | 12% | | Dadra and Nagar Haveli and Daman and Diu | 56 | 60 | 6% | 85 | 122 | 43% | | Maharashtra | 7,958 | 8,630 | 8% | 12,124 | 13,201 | 9% | | Karnataka | 3,181 | 3,557 | 12% | 5,831 | 6,435 | 10% | | Goa | 173 | 207 | 20% | 320 | 362 | 13% | | Lakshadweep | 2 | 1 | -65% | 14 | 12 | -12% | | Kerala | 1,093 | 1,101 | 1% | 2,534 | 2,514 | -1% | | Tamil Nadu | 3,300 | 3,637 | 10% | 5,419 | 6,489 | 20% | | Puducherry | 41 | 42 | 2% | 99 | 117 | 18% | | Andaman and Nicobar Islands | 11 | 19 | 68% | 37 | 47 | 28% | | Telangana | 1,623 | 1,625 | 0% | 3,345 | 3,576 | 7% | | Andhra Pradesh | 1,199 | 1,074 | -10% | 2,755 | 2,613 | -5% | | Ladakh | 11 | 19 | 75% | 58 | 72 | 23% | | Other Territory | 19 | 15 | -25% | 75 | 95 | 28% | | Grand Total | 37,623 | 40,289 | 7% | 70,811 | 78,110 | 10% |

Further Reading

Frequently Asked Questions

What is GST (Goods and Services Tax) in India?
GST, or Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services throughout India. It replaced multiple cascading taxes levied by the central and state governments, aiming to streamline the tax structure and create a common national market.
How is GST calculated on goods and services?
GST is calculated by applying the prescribed GST rate to the taxable value of goods or services. For intra-state transactions, CGST and SGST are levied, while for inter-state transactions, IGST is applied. The total tax is then added to the price of the goods or services.
What are the different types of GST in India?
In India, there are four main types of GST: Central GST (CGST) levied by the Central Government, State GST (SGST) levied by State Governments, Integrated GST (IGST) for inter-state supplies and imports, and Union Territory GST (UTGST) for supplies in Union Territories without a legislature.
Who is required to register for GST?
Businesses exceeding a certain turnover threshold (which varies by state and type of supply) are generally required to register for GST. Additionally, certain types of businesses, regardless of turnover, such as those involved in inter-state supply, e-commerce operators, and casual taxable persons, must also register.
What are the benefits of the GST regime in India?
The GST regime in India offers several benefits, including simplifying the indirect tax structure, reducing the cascading effect of taxes, promoting a common national market, enhancing transparency, and improving ease of doing business. It also aims to boost government revenue through increased compliance.

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