The GST collection report for November 2024 was released on 1st December 2024 by the GST Network. As per the detailed advisory released on the GST portal, the gross monthly GST collection stands at Rs.1,82,269 crore as against the GST collections of last month which stood at Rs.1,87,346 crores. It shows year-on-year growth of 8.5% versus 8.9% last month. The month-on-month numbers have slowed down compared to the previous month, indicating a softening of the momentum.
The monthly GST collections for November 2024 show a fair year-on-year growth of 8.5%. CGST for November 2024 accounted for Rs.34,141 crore, SGST was Rs.38,226 crore, IGST stood at Rs.91,821 crore, and cess was Rs.13,253 crore.. We can observe a year-on-year increase in domestic transactions (up 9.4%) and imports (up 5.9%).
The Government has released the state-wise GST collections for November 2024. The trend from the previous month continues in November 2024, with Maharashtra leading states for absolute gross monthly revenue. States like Karnataka, Gujarat, Tamil Nadu, Haryana, and Uttar Pradesh follow it.
The states showing the highest YoY growth for November 2024 include Lakshadweep, Sikkim, and Puducherry, which showed a 20-30% growth rate compared to November 2023. They are followed by Gujarat, Chandigarh, Haryana, Tripura, Meghalaya, and West Bengal, which posted 15-17% growth rates.
States with the highest monthly revenue contribution, such as Karnataka and Maharashtra, showed a Y-o-Y growth of 9% and 17%, respectively.
The following is the list with the state-wise revenue for all states/UTs:
State/UT | Nov-23 | Nov-24 | Growth (%) |
Jammu and Kashmir | 469 | 586 | 25% |
Himachal Pradesh | 802 | 878 | 9% |
Punjab | 2,265 | 2,327 | 3% |
Chandigarh | 210 | 253 | 20% |
Uttarakhand | 1,601 | 1,824 | 14% |
Haryana | 9,732 | 9,900 | 2% |
Delhi | 5,347 | 6,311 | 18% |
Rajasthan | 4,682 | 4,622 | -1% |
Uttar Pradesh | 8,973 | 9,432 | 5% |
Bihar | 1,388 | 1,561 | 12% |
Sikkim | 234 | 356 | 52% |
Arunachal Pradesh | 92 | 71 | -23% |
Nagaland | 67 | 52 | -22% |
Manipur | 40 | 38 | -4% |
Mizoram | 33 | 38 | 16% |
Tripura | 83 | 98 | 18% |
Meghalaya | 163 | 144 | -12% |
Assam | 1,232 | 1,358 | 10% |
West Bengal | 4,915 | 5,206 | 6% |
Jharkhand | 2,633 | 2,950 | 12% |
Odisha | 4,295 | 4,704 | 10% |
Chhattisgarh | 2,936 | 2,897 | -1% |
Madhya Pradesh | 3,646 | 3,812 | 5% |
Gujarat | 10,853 | 12,192 | 12% |
Dadra and Nagar Haveli and Daman & Diu | 333 | 348 | 5% |
Maharashtra | 25,585 | 29,948 | 17% |
Karnataka | 11,970 | 13,722 | 15% |
Goa | 503 | 560 | 11% |
Lakshadweep | 0 | 5 | 1120% |
Kerala | 2,515 | 2,763 | 10% |
Tamil Nadu | 10,255 | 11,096 | 8% |
Puducherry | 228 | 229 | 0% |
Andaman and Nicobar Islands | 31 | 32 | 3% |
Telangana | 4,986 | 5,141 | 3% |
Andhra Pradesh | 4,093 | 3,699 | -10% |
Ladakh | 62 | 67 | 7% |
Other Territory | 222 | 172 | -22% |
Center Jurisdiction | 223 | 286 | 29% |
Grand Total | 127,695 | 139,678 | 9.38% |
*Does not include GST on import of goods
Source: GSTN’s Advisory dated 1st December 2024
The following is the state-wise overview of the pre-settlement and post-settlement State GST figures for 2024-25 year till date-
Pre-Settlement SGST | Post-Settlement SGST2 | |||||
State/UT | 2023-24 | 2024-25 | Growth | 2023-24 | 2024-25 | Growth |
Jammu and Kashmir | 1,960 | 2,013 | 3% | 5,367 | 5,932 | 11% |
Himachal Pradesh | 1,731 | 1,841 | 6% | 3,701 | 4,178 | 13% |
Punjab | 5,612 | 6,129 | 9% | 14,734 | 16,102 | 9% |
Chandigarh | 439 | 502 | 14% | 1,505 | 1,576 | 5% |
Uttarakhand | 3,625 | 3,915 | 8% | 5,586 | 6,275 | 12% |
Haryana | 13,415 | 15,468 | 15% | 23,134 | 26,246 | 13% |
Delhi | 10,340 | 11,847 | 15% | 21,037 | 24,028 | 14% |
Rajasthan | 11,348 | 12,017 | 6% | 25,699 | 28,658 | 12% |
Uttar Pradesh | 21,624 | 23,376 | 8% | 49,282 | 56,687 | 15% |
Bihar | 5,377 | 5,913 | 10% | 16,991 | 18,735 | 10% |
Sikkim | 321 | 264 | -18% | 677 | 646 | -5% |
Arunachal Pradesh | 418 | 361 | -14% | 1,276 | 1,188 | -7% |
Nagaland | 206 | 186 | -10% | 701 | 699 | 0% |
Manipur | 229 | 249 | 9% | 730 | 783 | 7% |
Mizoram | 182 | 189 | 4% | 634 | 633 | 0% |
Tripura | 335 | 352 | 5% | 1,037 | 1,139 | 10% |
Meghalaya | 394 | 407 | 3% | 1,103 | 1,187 | 8% |
Assam | 3,885 | 4,206 | 8% | 9,553 | 10,352 | 8% |
West Bengal | 15,600 | 16,025 | 3% | 28,042 | 30,737 | 10% |
Jharkhand | 5,866 | 5,776 | -2% | 8,116 | 9,327 | 15% |
Odisha | 10,626 | 11,723 | 10% | 15,515 | 17,253 | 11% |
Chhattisgarh | 5,398 | 5,692 | 5% | 8,831 | 10,143 | 15% |
Madhya Pradesh | 8,496 | 9,043 | 6% | 20,673 | 23,674 | 15% |
Gujarat | 27,671 | 30,000 | 8% | 41,545 | 48,096 | 16% |
Dadra and Nagar Hav | 426 | 497 | 17% | 699 | 845 | 21% |
Maharashtra | 65,983 | 73,941 | 12% | 96,551 | 112,174 | 16% |
Karnataka | 26,713 | 29,514 | 10% | 48,766 | 54,922 | 13% |
Goa | 1,487 | 1,659 | 12% | 2,616 | 2,873 | 10% |
Lakshadweep | 16 | 6 | -60% | 69 | 70 | 2% |
Kerala | 9,171 | 9,743 | 6% | 20,623 | 21,792 | 6% |
Tamil Nadu | 27,046 | 30,282 | 12% | 42,472 | 51,430 | 21% |
Puducherry | 330 | 363 | 10% | 933 | 1,042 | 12% |
Andaman and Nicoba | 140 | 140 | 0% | 347 | 378 | 9% |
Telangana | 12,994 | 13,859 | 7% | 26,691 | 29,186 | 9% |
Andhra Pradesh | 9,291 | 9,613 | 3% | 20,952 | 21,998 | 5% |
Ladakh | 155 | 176 | 14% | 457 | 528 | 15% |
Other Territory | 156 | 125 | -20% | 822 | 554 | -33% |
Grand Total | 309,003 | 337,412 | 9% | 567,464 | 642,064 | 13% |
Post-Settlement GST is cumulative of the GST revenues of the States/UTs and the SGST portion of the IGST settled to the States/UT
India's GST collection for November 2024 reached Rs 1,82,269 crore, marking an 8.5% year-on-year increase. This growth was primarily driven by a 9.4% surge in domestic transactions. While the overall collection is positive, it represents a slight slowdown compared to October's figure of Rs 1,87,346 crores. The November collection indicates continued economic activity, although the moderating growth rate suggests a potential softening in momentum.
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