GST collections: Telangana in top 10

HYDERABAD: Despite the state revenues seeing a dip and economic activity remaining sluggish due to Covid-19, Telangana had something to cheer.
Telangana was among the top 10 states in GST collections in the country.

In June, the state’s collections stood at Rs 3,276 crore, while neighbouring AP’s GST tally was Rs 2,367 crore. Maharashtra, which is the worst-hit by Covid-19, however, topped the charts with Rs 15,143 crore collections in June, followed by Gujarat at Rs 6,424 crore.Telangana also has a better growth rate when compared to June last year’s collections. Telangana collected Rs 3,166 crore in last June, while AP’s collection was Rs 2,232 crore in the same period.
Among the southern states, Telangana recorded a 3% growth rate over last June’s collection. AP had a 6% growth and Karnataka recorded just 1% growth from the last June’s collection. In March when the lockdown was imposed, Telangana had collected GST of Rs 3,563 crore. Along with Telangana, 15 other states have shown a positive growth from last year. Experts said a decline in GST revenues was expected due to economic activity coming to a near standstill. “But, once the economy is on the recovery path, the GST collections will improve in the coming months,” an expert said.