GST Collections for November 2023
GST collection for November 2023 is Rs.1,67,929 crore, dropping from Rs.1,72,003 crore last month. Accordingly, this month’s collections record the highest yearly revenue growth rate of 15%!
Break up of GST Collections for November 2023
The GST collections consist of Rs.30,420 crore collected towards CGST, Rs.38,226 crore towards SGST, and Rs.87,009 crore towards IGST. IGST includes Rs.39,198 crore worth of GST on goods imported.
The recently released PIB report further states that the cess collections accounted for Rs.12,274 crore, including Rs.1,036 crore collected towards goods imported.
The government report indicates that the Centre settled Rs.37,878 crore and Rs.31,557 crore in November 2023 towards CGST and SGST, respectively, out of the Integrated GST collections.
The remaining revenue of the Centre and states after making regular settlements in November 2023 is Rs.68,297 crore for Central GST and Rs.69,783 crore for State GST.
Analysis of the GST Collection for November 2023
For November 2023, the GST collections have dropped compared to the previous month. Monthly collections for November 2023 have garnered the country's attention, achieving the highest of 15% Y-o-Y basis for FY 2023-24. Furthermore, the gross GST collection has crossed ₹1.60 lakh crore mark for the sixth time in FY 2023-24.
The domestic revenue (including service import) was 20% Y-o-Y basis. Moreover, the GST revenues for November 2023 are 15% higher than the monthly GST collections of November 2022 on a Year-on-Year (Y-o-Y) basis. The GST collection for November 2022 was Rs.1,45,867 crore.
There has been an unstable rise in GST collections since April 2023. Until now, the lowest GST collections in FY 2023-24 was in May 2023 at Rs.1,57,090. The last month recorded a higher collection due to the rise in consumption patterns amidst the Dussehra festival.
The gross GST collection for the FY 2023-24 ending November 2023 is 11.9 % higher than the gross GST collection for the FY 2022-23 ending November 2022. It works out to Rs.13,32,440 crore, averaging Rs.1.66 lakh per month in the current year, as against Rs.11,90,920 crore, averaging Rs.1.49 lakh crore per month last year.
The chart given below shows the YoY comparison of the monthly GST collection in India for FY 2023-24.
Image credit- PIB
GST Collection for November 2023 State-wise
The PIB has released the state-wise GST collections for November 2023 as follows-
| 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% |
Yearly Comparison of State-wise SGST settled before and after the Settlement
Below is the state-wise overview of the pre-settlement and post-settlement State GST figures-
| State/UT | Pre-Settlement SGST | Post-Settlement SGST[2] | ||||
| 2022-23 | 2023-24 | Growth | 2022-23 | 2023-24 | Growth | |
| Jammu and Kashmir | 1,513 | 1,960 | 30% | 4,892 | 5,367 | 10% |
| Himachal Pradesh | 1,547 | 1,731 | 12% | 3,838 | 3,701 | -4% |
| Punjab | 5,102 | 5,612 | 10% | 12,906 | 14,734 | 14% |
| Chandigarh | 401 | 439 | 9% | 1,414 | 1,505 | 6% |
| Uttarakhand | 3,193 | 3,625 | 14% | 5,157 | 5,586 | 8% |
| Haryana | 12,052 | 13,415 | 11% | 20,761 | 23,134 | 11% |
| Delhi | 9,127 | 10,340 | 13% | 19,202 | 21,037 | 10% |
| Rajasthan | 10,146 | 11,348 | 12% | 22,853 | 25,699 | 12% |
| Uttar Pradesh | 17,924 | 21,624 | 21% | 43,951 | 49,282 | 12% |
| Bihar | 4,715 | 5,377 | 14% | 15,672 | 16,991 | 8% |
| Sikkim | 202 | 321 | 59% | 558 | 677 | 21% |
| Arunachal Pradesh | 311 | 418 | 34% | 1,059 | 1,276 | 21% |
| Nagaland | 138 | 206 | 49% | 635 | 701 | 10% |
| Manipur | 190 | 229 | 20% | 924 | 730 | -21% |
| Mizoram | 117 | 182 | 56% | 557 | 634 | 14% |
| Tripura | 272 | 335 | 23% | 955 | 1,037 | 9% |
| Meghalaya | 298 | 394 | 32% | 961 | 1,103 | 15% |
| Assam | 3,379 | 3,885 | 15% | 8,236 | 9,553 | 16% |
| West Bengal | 14,298 | 15,600 | 9% | 25,878 | 28,042 | 8% |
| Jharkhand | 4,947 | 5,866 | 19% | 7,374 | 8,116 | 10% |
| Odisha | 9,279 | 10,626 | 15% | 12,486 | 15,515 | 24% |
| Chhattisgarh | 4,838 | 5,398 | 12% | 7,366 | 8,831 | 20% |
| Madhya Pradesh | 6,979 | 8,496 | 22% | 17,772 | 20,673 | 16% |
| Gujarat | 24,753 | 27,671 | 12% | 37,497 | 41,545 | 11% |
| Dadra and Nagar Haveli and Daman and Diu | 427 | 426 | 0% | 792 | 699 | -12% |
| Maharashtra | 55,650 | 65,983 | 19% | 84,633 | 96,551 | 14% |
| Karnataka | 23,026 | 26,713 | 16% | 43,152 | 48,766 | 13% |
| Goa | 1,272 | 1,487 | 17% | 2,325 | 2,616 | 13% |
| Lakshadweep | 6 | 16 | 157% | 20 | 69 | 239% |
| Kerala | 8,005 | 9,171 | 15% | 19,657 | 20,623 | 5% |
| Tamil Nadu | 23,802 | 27,046 | 14% | 38,849 | 42,472 | 9% |
| Puducherry | 308 | 330 | 7% | 793 | 933 | 18% |
| Andaman and Nicobar Islands | 123 | 140 | 14% | 322 | 347 | 8% |
| Telangana | 10,926 | 12,994 | 19% | 24,460 | 26,691 | 9% |
| Andhra Pradesh | 8,325 | 9,291 | 12% | 18,742 | 20,952 | 12% |
| Ladakh | 111 | 155 | 40% | 378 | 457 | 21% |
| Other Territory | 114 | 156 | 37% | 329 | 702 | 113% |
| Grand Total | 2,67,818 | 3,09,003 | 15% | 5,07,355 | 5,67,464 | 12% |
The GST Collections November 2023 was released by the Ministry of Finance in a press report on the PIB website on 1st December 2023.
Also Read
GST Collection October 2023
GST Collection September 2023
GST Collection August 2023
GST Collection July 2023
GST Collection June 2023
GST Collection May 2023
GST Collection April 2023
GST Collection March 2023
GST Collection February 2023
GST Collection January 2023
Quick Summary
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.
CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
Cleartax is a product by Defmacro Software Pvt. Ltd.
Company PolicyTerms of use
ISO 27001
Data Center
SSL Certified Site
128-bit encryption