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HomeGST NEWSGST revenue of states declined by 30.4% in April-August

GST revenue of states declined by 30.4% in April-August

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The GST revenue from the month of April to August 2020-21 has decreased by 30.4% of all the states and union territories. The total GST revenue stood at Rs 3,90,650 crore in FY19, it decreased to Rs 2,71,979 crore this year. Goa has seen the most decline in GST revenue (43.4%), but among the southern states, Karnataka’s revenue declined 27.9%, Kerala’s by 33.6%, Tamil Nadu’s by 35.2%, Telangana’s by 26.3% and Andhra Pradesh’s by 26.4%. The state of Maharashtra has generated the highest GST revenue. The state’s GST revenue was Rs 75,910 crore between April-August in 2012-29 and Rs 52,154 crore in the same period this year.

https://www.thenewsminute.com/article/gst-revenue-states-declined-304-april-august-133033

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