Pune, 03 May (Hindustan Times). The Goods and Services Tax (GST) has started proving to be a boon for the central and state governments even in times of global recession. The highest GST collection of 33.196 crores has been done from Maharashtra, while the largest state Uttar Pradesh has been able to collect only 10 320 crores while being at number five.
According to the data, the GST collection during April, 2023 has reached Rs 1.87 lakh crore. Thus, there has been a healthy growth of 12 per cent on an annual basis. This is the highest GST revenue collected in a month. The total collection of GST in the financial year 2022-23 was Rs 18.10 lakh crore, which is 22% more than the previous financial year. Analysts say that higher GST collection is a clear indication of continuation of India’s growth story.
In the environment of global recession, now there is a possibility of a good growth in the country’s GDP rate in the quarter of April-June 23. The increased revenue will help the central and state governments reduce their deficit, as well as make more funds available for development works. The gross GST collection in April stood at Rs 1,87,035 crore, including Central GST Rs 38,440 crore, State GST Rs 47,412 crore and Integrated GST Rs 89,158 crore.
GST Collection in States
- Maharashtra- 33,196 Crore, * Karnataka- 14,593 Crore, * Gujarat- 11,721 Crore, * Tamil Nadu- 11,559 Crore, * Uttar Pradesh- 10,320 Crore, * Haryana- 10,035 Crore * P. Bengal – 6,447 crore * Delhi – 6,320 crore * Telangana – 5,622 crore * Odisha – 5,036 crore
Expressing happiness over Maharashtra’s highest contribution of Rs 33.10 crore in GST collection, Deputy Chief Minister Devendra Fadnavis said that the record collection of GST is a clear proof of Maharashtra’s progress with the country and progress can never stop here.
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