Maharashtra, Karnataka, Gujarat largest GST contributors in April; UP pips TN

The GST collections, which include central and state mop-up, breached the Rs 2-lakh-crore milestone in a month for the first time since the rollout of the unified tax system

Update: 2024-05-02 05:22 GMT
The revenue growth was aided by strong economic momentum and increased domestic transactions and imports. Representational image: iStock

The three largest contributors to the GST collections in April were Maharashtra, Karnataka, and Gujarat.

In terms of total GST collection by states, Maharashtra was the largest contributor garnering revenue of ₹ 37,671 crore. Maharashtra recorded a 13 per cent growth in April GST collection.

Karnataka is the second biggest contributor to GST revenues with collections of ₹15,978 crore in April, a 9 per cent year-on-year growth. Gujarat registered a 13 per cent Y-o-Y growth with revenues of ₹13,301 crore in April.

UP 4th largest contributor

Uttar Pradesh has overtaken Tamil Nadu in terms of monthly GST collections by recording a 19 per cent increase in tax revenues in April.

According to official data, the GST collections in Uttar Pradesh grew 19 per cent to ₹12,290 crore in April 2024, becoming the fourth largest contributor after Maharashtra, Karnataka and Gujarat. Tamil Nadu, which saw a 6 per cent rise in GST mop-up to ₹12,210 crore in the month slipped to fifth place.

Traditionally, GST collections in Tamil Nadu have been higher than that in Uttar Pradesh which is the largest state in terms of population. In April 2023, Tamil Nadu's GST collection was ₹11,559 crore while Uttar Pradesh's was ₹10,320 crore.

In March 2024, Tamil Nadu's collection was ₹11,017 crore, compared to ₹9,087 crore of Uttar Pradesh. In February too, Tamil Nadu's mop-up was higher at ₹9,713 crore, against ₹8,054 crore of Uttar Pradesh.

In December 2023, Tamil Nadu's GST revenue stood at ₹9,888 crore against ₹8,011 crore of UP.

New milestone

The GST collections, which include central and state mop-up, breached the ₹2 lakh-crore milestone in a month for the first time since the rollout of the unified tax system.

Goods and Services Tax collections grew 12.4 per cent to a record high of ₹2.10 lakh crore in April. The revenue growth was aided by strong economic momentum and increased domestic transactions and imports.

(With inputs from agencies)

Tags:    

Similar News