Telangana’s GST growth slumps to one per cent
In one of its worst performances, Telangana recorded just one per cent GST growth in February this year, compared to last year's 10 per cent. The State now finds itself at the bottom of the list in terms of GST growth rate, alongside Arunachal Pradesh
Hyderabad: In one of its worst performances, Telangana recorded just one per cent GST growth in February this year, compared to last year’s 10 per cent. The State now finds itself at the bottom of the list in terms of GST growth rate, alongside Arunachal Pradesh.
As per the latest data released by the Centre, States like Tripura (21 per cent), Haryana (20 per cent), and Madhya Pradesh (15 per cent) lead the country, neighbouring Andhra Pradesh (4 per cent) and Chhattisgarh (7 per cent) outperformed Telangana in terms of GST growth rate.
When it comes to revenue collections, Maharashtra topped the list with Rs 30,637 crore, followed by Karnataka with Rs 14,117 crore. They recorded a growth rate of 13 per cent and 10 per cent, respectively. Telangana ended up at 10th spot with Rs 5,280 crore in GST collections.
Responding to the reports, BRS working president KT Rama Rao blamed the Revanth Reddy government for the State’s drastic fall in GST growth. He charged Revanth Reddy with destroying the economic foundation that the previous BRS government built over a decade.
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“Congress virus is dangerous than Corona. Just as we predicted a year ago, it has come true. Telangana, which was once a leader in economic growth has been thrown to the bottom under an incompetent Chief Minister,” he said.
Calling the one per cent GST growth as a shameful downfall, he blamed it on the reckless decisions of the Congress government. He stated that while corruption and commissions were skyrocketing under the Congress regime, the State revenues were declining.
