Telangana recorded the second lowest growth rate in terms of GST collection in February at 8%. Telangana earned 4,424 crore GST revenue (4,113 crore in February 2022), while Himachal Pradesh had the lowest growth rate of 5% in the country.
According to the latest GST collection figures released by the finance department on Wednesday, other southern states fared better as their GST collection went up by at least 4% over and above that of Telangana’s. Kerala (12%), Andhra Pradesh (13%), Karnataka (18%) and Tamil Nadu (19%) thus stole a march over Telangana in GST collection, sources said.
India’s GST collection growth rate in February stood at 15%.
Though Telangana’s growth rate is low, overall GST collection for the year is on track, said officials. According to the Comptroller and Auditor General’s report (up to January), the state earned 34,729 crore or nearly 82% of the total budget (2022-23) estimates.
“This is significantly better than the budgeted achievement of 76% by January 2022. With two months left in this fiscal year, the total budget estimates of GST will be realised,” official sources said. Interestingly, Telangana’s GST has been steadily increasing at an annual rate of 8%. Even in December 2022, the state’s collection had increased by 8%.