Telangana’s GST collections have witnessed substantial growth, reaching Rs 30,048 crore in the first eight months of the current financial year of 2023-24
This marks an impressive increase of Rs 11,084 crore, or 63 per cent, compared to the Rs 18,964 crore collected during the corresponding period in 2018-19
According to the latest report by the CAG, in the current financial year (2023-24), Telangana displayed robust GST collections, with Rs 4,082 crore collected in April alone
This marked a significant increase of Rs 694 crore compared to the same month in previous financial year
The State maintained promising GST collections, averaging Rs 3,500 crore per month, equivalent to 59 per cent of the estimated GST collections of Rs 50,942 crore for the year
The surge in Telangana’s emergence as a dominant economic force can be attributed to the business-friendly and pro-development policies of the Telangana government
Telangana collected Rs 18,964 crore till November of 2018-19 against the estimated GST collection of Rs 34,232 crore by year-end
For the financial year 2019-20, the government estimated a total GST collection of Rs 31,187 crore, and the State managed to collect Rs 18,218 crore in the first eight months