The government announced that GST revenue for July 2024 increased to ₹1.82 lakh crores, up from ₹1.65 lakh crores last year. This represents a 10.2% growth compared to July 2023. Revenue from domestic transactions rose by 11.8%, while imports increased by 5.3%.
Breakdown of July 2024 GST Collections
Revenue from imports increased by 14.2% compared to the previous month, while domestic revenue grew by 8.9%. Overall, this resulted in a solid 10.2% year-on-year growth for July 2024. The growth in domestic transactions was particularly strong, at 11.8%.
State-Wise GST Collection for July 2024
Ladakh and Manipur showed significant year-on-year growth in GST revenue, with increases of more than 60%. Nagaland, Andaman, and Nicobar Islands also recorded strong growth, with increases of 34% and 27% respectively, compared to July 2023. Maharashtra and Karnataka led among the major states, with growth rates of 11% and 13% respectively.