Recently the government had found the GST collection to top the all-time high with a considerable high in the collection compared to other states as well as the previous time duration. The 4 states and one union territory under the list have been ranked on most GST collection earning regions. Let us check-in details how much GST collection had been done by these specific regions:
Odisha posted a 64% rise in GST collection in November with respect to the identical month of the former financial month.
Rs 4,136 crore last month is being collected by the state as a GST with respect to Rs 2528 cr accumulated in Nov 2020.
For the 3rd consecutive month, the rise in the GST collection in Nov 2021 is still highest with respect to the other states having good collections. Indeed the state possesses the highest gross collection of GST since its start the office of GST commissioner.
The surge in GST collection by 27% in Nov is gained during the festive season which cherishes the moment of collection to the UT Administration.
As per the Ministry of Finance, the GST collection in Chandigarh revealed 180 cr in Nov month, in the same month last year it was 27% exceeding the revenue of Rs 141 cr.
Rs 158 cr was the GST collected that was made in October but it was 4% more with respect to the revenue of Rs 152 cr made in October in the previous year. Rs 152 cr was the collection made in September which was 8% more with respect to the revenue of Rs 141 cr made in the identical month of the former year.
Karnataka state poses an effective surge in its GST collection from about Rs 8,200 crore in October 2021 to Rs 9,048 crore by November 30, 2021. There is a straight 31% rise as compared to the GST collection in the same month of the former year which stood at Rs 6915 cr.
State and county get feared from the Omicron but the economists are saying that the GST collection will be better. Due to strong fundamentals, the GST collections shall achieve a Rs 10,000 mark in December or January next year if the growth rate carries on.
There was a 24% year-over-year (YOY) rise in the collection of the GST towards Nov month for Telangana from Rs 3,175 crore in 2020 to Rs 3,931 crore for the identical month of the current year.
The state is 3rd post-Kerala (36%) and Karnataka (30%) amid the southern states towards the surge in percentage in Nov month of the GST collection.
The collection of Gujarat stands higher with Rs 9569 cr in Nov as compared to the former collections.
From the report of the Central government, the state’s GST collection surged by 26% with respect to Nov 2020 when the GST vanished with Rs 7566 cr.
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