Gross GST Collection In April 2024 At Highest Ever At Rs 2.10 Lakh Crore, Jumps 12.4% YoY

Gross GST collection in April 2024 was recorded as the highest-ever at Rs 2.10 lakh crore, according to the latest official data released on Wednesday. The indirect tax revenue in April recorded a 12.4 per cent y-o-y growth, driven by a strong increase in domestic transactions and imports.

Net GST revenue (after refunds) stood at Rs 1.92 lakh crore, which is a 15.5 per cent growth over last year.

Also Read: Why GST Recorded Highest-Ever Collection in April 2024?

Maharashtra collected the highest GST in April 2024 at Rs 37,671 crore, followed by Karnataka (Rs 15,978 crore), Gujarat (Rs 13,301 crore), Uttar Pradesh (Rs 12,290 crore) and Tamil Nadu (Rs 12,210 crore), according to the latest data.

“The gross goods and services tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore… After accounting for refunds, the net GST revenue for April 2024 stands at Rs 1.92 lakh crore, reflecting an impressive 15.5 per cent growth compared to the same period last year,” the finance ministry said in a statement on May 1.

The growth gross GST collection in April 2024 represents a significant 12.4 per cent year-on-year growth, driven by a strong increase in domestic transactions (up 13.4 per cent) and imports (up 8.3 per cent), it said.

Breakdown of March 2024 Collections:

• Central Goods and Services Tax (CGST): ₹43,846 crore;
• State Goods and Services Tax (SGST): ₹53,538 crore;
• Integrated Goods and Services Tax (IGST): ₹99,623 crore, including ₹37,826 crore collected on imported goods;
• Cess: ₹13,260 crore, including ₹1,008 crore collected on imported goods.

(The story has been updated after the government corrected the net GST growth to 15.5 per cent as against 17.1 per cent earlier.)