On this page
- Analysis of Goods and Services Tax Revenue for November 2023
- Breakdown of GST Collections for November 2023
- Examination of November 2023 GST Collections
- State-wise GST Collection Figures for November 2023
- Annual Comparison of State-wise SGST Before and After Settlement
- Frequently Asked Questions
- Compliance kya chahiye?
- Return miss par?
- Expert kyun?
GST India ka unified indirect tax hai jo compliance ko structured banata hai; ye guide is topic ke rules aur practical steps cover karti hai.
Analysis of Goods and Services Tax Revenue for November 2023
Indian Goods and Services Tax (GST) collections for November 2023 reached ₹1,67,929 crore. This figure represents a slight decrease from the previous month’s ₹1,72,003 crore but marks an impressive 15% year-on-year growth.
Breakdown of GST Collections for November 2023
The total GST revenue comprises Central GST (CGST) at ₹30,420 crore, State GST (SGST) at ₹38,226 crore, and Integrated GST (IGST) at ₹87,009 crore. The IGST component includes ₹39,198 crore collected from imported goods. Additionally, cess collections amounted to ₹12,274 crore, with ₹1,036 crore derived from imported goods.
The government also reported settlements from the Integrated GST collections. In November 2023, ₹37,878 crore was settled towards CGST, and ₹31,557 crore was settled towards SGST. After these standard settlements, the Central government’s residual revenue stood at ₹68,297 crore for CGST, while state governments retained ₹69,783 crore for SGST.
Examination of November 2023 GST Collections
November 2023 saw a decline in GST collections compared to October. However, the month’s performance drew attention for achieving the highest year-on-year growth rate of 15% for the fiscal year 2023-24. Notably, this is the sixth instance in FY 2023-24 where gross GST collections have surpassed the ₹1.60 lakh crore threshold.
Domestic revenue, which includes service imports, demonstrated a 20% year-on-year increase. Overall, GST revenues for November 2023 were 15% higher than the ₹1,45,867 crore collected in November 2022.
Throughout FY 2023-24, GST collections have shown some volatility, with the lowest point recorded in May 2023 at ₹1,57,090 crore. The higher collections in the preceding month were attributed to increased consumption during the Dussehra festive period.
For the fiscal year 2023-24, up to November, the gross GST collection reached ₹13,32,440 crore, averaging ₹1.66 lakh crore monthly. This represents an 11.9% increase over the ₹11,90,920 crore collected during the same period in FY 22-23, which averaged ₹1.49 lakh crore per month.
State-wise GST Collection Figures for November 2023
The Press Information Bureau (PIB) published the following state and union territory (UT) wise GST collection data for November 2023:
| State/UT | Nov-22 | Nov-23 | Growth (%) |
|---|---|---|---|
| Jammu and Kashmir | 430 | 469 | 9% |
| Himachal Pradesh | 672 | 802 | 19% |
| Punjab | 1,669 | 2,265 | 36% |
| Chandigarh | 175 | 210 | 20% |
| Uttarakhand | 1,280 | 1,601 | 25% |
| Haryana | 6,769 | 9,732 | 44% |
| Delhi | 4,566 | 5,347 | 17% |
| Rajasthan | 3,618 | 4,682 | 29% |
| Uttar Pradesh | 7,254 | 8,973 | 24% |
| Bihar | 1,317 | 1,388 | 5% |
| Sikkim | 209 | 234 | 12% |
| Arunachal Pradesh | 62 | 92 | 48% |
| Nagaland | 34 | 67 | 99% |
| Manipur | 50 | 40 | -21% |
| Mizoram | 24 | 33 | 37% |
| Tripura | 60 | 83 | 39% |
| Meghalaya | 162 | 163 | 1% |
| Assam | 1,080 | 1,232 | 14% |
| West Bengal | 4,371 | 4,915 | 12% |
| Jharkhand | 2,551 | 2,633 | 3% |
| Odisha | 4,162 | 4,295 | 3% |
| Chhattisgarh | 2,448 | 2,936 | 20% |
| Madhya Pradesh | 2,890 | 3,646 | 26% |
| Gujarat | 9,333 | 10,853 | 16% |
| Dadra and Nagar Haveli and Daman & Diu | 305 | 333 | 9% |
| Maharashtra | 21,611 | 25,585 | 18% |
| Karnataka | 10,238 | 11,970 | 17% |
| Goa | 447 | 503 | 12% |
| Lakshadweep | 0 | 0 | -15% |
| Kerala | 2,094 | 2,515 | 20% |
| Tamil Nadu | 8,551 | 10,255 | 20% |
| Puducherry | 209 | 228 | 9% |
| Andaman and Nicobar Islands | 23 | 31 | 37% |
| Telangana | 4,228 | 4,986 | 18% |
| Andhra Pradesh | 3,134 | 4,093 | 31% |
| Ladakh | 50 | 62 | 25% |
| Other Territory | 184 | 222 | 21% |
| Center Jurisdiction | 154 | 223 | 45% |
| Grand Total | 1,06,416 | 1,27,695 | 20% |
Annual Comparison of State-wise SGST Before and After Settlement
The following table presents a state-wise summary of State GST figures both prior to and following the settlement process:
| State/UT | Pre-Settlement SGST | Post-Settlement SGST[2] |
|---|---|---|
| 2022-23 | 2023-24 | |
| Jammu and Kashmir | 1,513 | 1,960 |
| Himachal Pradesh | 1,547 | 1,731 |
| Punjab | 5,102 | 5,612 |
| Chandigarh | 401 | 439 |
| Uttarakhand | 3,193 | 3,625 |
| Haryana | 12,052 | 13,415 |
| Delhi | 9,127 | 10,340 |
| Rajasthan | 10,146 | 11,348 |
| Uttar Pradesh | 17,924 | 21,624 |
| Bihar | 4,715 | 5,377 |
| Sikkim | 202 | 321 |
| Arunachal Pradesh | 311 | 418 |
| Nagaland | 138 | 206 |
| Manipur | 190 | 229 |
| Mizoram | 117 | 182 |
| Tripura | 272 | 335 |
| Meghalaya | 298 | 394 |
| Assam | 3,379 | 3,885 |
| West Bengal | 14,298 | 15,600 |
| Jharkhand | 4,947 | 5,866 |
| Odisha | 9,279 | 10,626 |
| Chhattisgarh | 4,838 | 5,398 |
| Madhya Pradesh | 6,979 | 8,496 |
| Gujarat | 24,753 | 27,671 |
| Dadra and Nagar Haveli and Daman and Diu | 427 | 426 |
| Maharashtra | 55,650 | 65,983 |
| Karnataka | 23,026 | 26,713 |
| Goa | 1,272 | 1,487 |
| Lakshadweep | 6 | 16 |
| Kerala | 8,005 | 9,171 |
| Tamil Nadu | 23,802 | 27,046 |
| Puducherry | 308 | 330 |
| Andaman and Nicobar Islands | 123 | 140 |
| Telangana | 10,926 | 12,994 |
| Andhra Pradesh | 8,325 | 9,291 |
| Ladakh | 111 | 155 |
| Other Territory | 114 | 156 |
| Grand Total | 2,67,818 | 3,09,003 |
The Ministry of Finance publicly released the GST Collection data for November 2023 through a press report on the PIB website on December 1st, 2023.
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