Maharashtra continues to report the highest GST collection in the country, accounting for almost 15% of the national figure in 2022-23 its GST kitty is also growing the fastest, with its compound annual growth rate (CAGR) between 2018-19 and 2022-23, outstripping all other states.
The latest data shows that Maharashtra’s GST collection for the financial year 2022-23 was Rs. 2.7 lakh crore. This is more that twice the collection of Karnataka which reported 1.2 lakh crore, the second highest GST collection in the country. Gujarat was placed third with Rs. 1.1 lakh crore while Tamil Nadu reported Rs.1 lakh crore. The state CAGR between 2018-19 and 2022-23 was 12.3%, which is higher that that of Karnataka which is at 11.8% and Gujarat at 11.7%. The states’s growth rate was much higher than the national CAGR which stood 11.3%.
Read more at : THE TIMES OF INDIA
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