GST collections rise 13% to Rs 1.72 lakh crore in October

GST October collections: The government's GST collections increased 13 per cent on a year-on-year basis last month, according to official data released on Wednesday.

Revenue from domestic transactions, including services imports, grew 13% on a year-on-year basis in October 2023, according to an official statement. | Image: Reuters

GST October collections: The government's gross collections of Goods and Services Tax (GST) increased 13 per cent on a year-on-year basis to Rs 1.72 lakh crore in October, according to official data released on Wednesday. That marked the second highest monthly collections, second only to April 2023 when the figure stood at Rs 1.87 lakh crore.

Out of the Rs 1.72 lakh crore, central GST (CGST) stood at Rs 30,062 crore, state GST (SGST) at Rs 38,171 crore, and integrated GST (IGST)—or the indirect tax levied on the supply of goods and services across two or more states or UTs—at Rs 91,315 crore, including Rs 42,127 crore on the import of goods and cess of Rs 12,456 crore, according to the finance ministry.

The latest monthly reading took the government's average gross monthly GST collections for the current financial year at Rs 1.66 lakh crore, marking growth of 11 per cent compared with the corresponding period a year ago.

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Revenue from domestic transactions, including services imports, also grew 13 per cent on a year-on-year basis in October 2023.

Here's a summary of the monthly GST collections so far in the current financial year, which ends in March 2024:

The government settled Rs 42,873 crore to CGST and Rs 36,614 crore to SGST from IGST, the ministry said.

After regular settlement, the total revenue of Centre and the states in October stood at Rs 72,934 crore for CGST and Rs 74,785 crore for SGST, it added.

Here are the state-wise details of the SGST and SGST portions of IGST settled to states or Union Territories last month:

State/UT	Pre-Settlement SGST			Post-Settlement SGST
State/UT	2022-23	2023-24	Growth	2022-23	2023-24	Growth
Jammu and Kashmir	1,318	1,762	34%	4,299	4,817	12%
Himachal Pradesh	1,341	1,546	15%	3,368	3,302	-2%
Punjab	4,457	4,903	10%	11,378	13,115	15%
Chandigarh	351	389	11%	1,227	1,342	9%
Uttarakhand	2,805	3,139	12%	4,513	4,890	8%
Haryana	10,657	11,637	9%	18,291	20,358	11%
Delhi	8,000	9,064	13%	16,796	18,598	11%
Rajasthan	8,832	9,859	12%	19,922	22,571	13%
Uttar Pradesh	15,848	18,880	19%	38,731	42,482	10%
Bihar	4,110	4,731	15%	13,768	15,173	10%
Sikkim	179	297	66%	489	629	29%
Arunachal Pradesh	282	378	34%	932	1,155	24%
Nagaland	125	177	42%	564	619	10%
Manipur	166	210	27%	812	659	-19%
Mizoram	105	168	60%	488	573	18%
Tripura	242	299	23%	847	928	9%
Meghalaya	265	353	33%	841	988	17%
Assam	2,987	3,428	15%	7,237	8,470	17%
West Bengal	12,682	13,799	9%	22,998	24,607	7%
Jharkhand	4,329	5,152	19%	6,466	7,128	10%
Odisha	8,265	9,374	13%	11,031	12,723	15%
Chhattisgarh	4,285	4,773	11%	6,421	7,656	19%
Madhya Pradesh	6,062	7,384	22%	15,418	18,100	17%
Gujarat	21,644	24,005	11%	32,943	36,322	10%
Dadra and Nagar Haveli and Daman and Diu	381	372	-3%	709	606	-15%
Maharashtra	48,870	58,057	19%	74,612	84,712	14%
Karnataka	20,165	23,400	16%	37,924	42,657	12%
Goa	1,111	1,307	18%	2,024	2,299	14%
Lakshadweep	6	16	162%	18	66	259%
Kerala	7,016	8,082	15%	17,450	18,370	5%
Tamil Nadu	20,836	23,661	14%	34,334	37,476	9%
Puducherry	271	288	6%	695	833	20%
Andaman and Nicobar Islands	112	125	12%	287	311	8%
Telangana	9,538	11,377	19%	21,301	23,478	10%
Andhra Pradesh	7,347	8,128	11%	16,441	18,488	12%
Ladakh	81	121	49%	311	377	21%
Other Territory	97	140	44%	281	685	144%
Grand Total	2,35,167	2,70,777	15%	4,46,167	4,97,562	12%

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