Introduction
The Goods and Services Tax (GST) collections for October 2024 have been reported, showcasing significant revenue figures across various states in India. Understanding these figures is crucial for gauging economic performance and compliance with tax regulations.
State Performance Overview
In October 2024, Maharashtra led the charge with an impressive GST collection of ₹31,030 crore. This astounding figure highlights the state’s robust economy and effective tax administration. Following Maharashtra, Karnataka and Gujarat also demonstrated strong performance, collecting ₹13,081 crore and ₹11,407 crore respectively. The data suggests a healthy revenue inflow, indicating an uptick in consumer purchases and business activities.
GST Contributions by Other States
Other notable collections include Tamil Nadu with ₹11,188 crore and Haryana with ₹10,045 crore. Uttar Pradesh managed to accrue ₹9,602 crore, indicating a steady economic recovery phase. States such as Delhi and West Bengal collected ₹8,660 crore and ₹5,597 crore respectively, contributing to the overall growth in GST collections. Additionally, the total GST collections from all states reflect a comprehensive effort in enhancing tax compliance and economic revitalization.
In summary, the GST collections in October 2024 present a positive outlook for the Indian economy, with substantial figures from multiple states. The data not only reflects the financial strength of regions but also the continued progress towards improved tax systems.
