GST collections show varying growth rates across top Indian states following the implementation of GST 2.0 rate cuts.
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What was said4
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Nithin Chandra
2 quotes“Karnataka’s vast domestic B2B IT-services base generates SGST at 18 per cent and has a limited impact of GST 2.0”
“In comparison, Tamil Nadu’s core manufacturing sectors such as textile, auto components, engineering goods, and others have all had an impact of GST 2.0 rate cuts.”
Madan Sabnavis
1 quote“In States that have seen above-average collections growth, rate cuts may have helped pick up in physical consumption while in others, consumption has not really fired up”
Shivam Mehta
1 quote“it would be premature to attribute weaker collections in any State solely to GST rationalisation”
Sources1
All filed from IndiaNamed India · Gujarat · Karnataka · Maharashtra · Tamil Nadu · Uttar Pradesh · Bank of Baroda · Kearney · Lakshmikumaran & Sridharan · Madan Sabnavis · Nithin Chandra · Shivam Mehta
- [1]The Hindu BusinessLineneutralGST collections see wide divergence across top States in GST 2.0 regime