Kerala logs 13% growth in GST revenues in August
Continuing the growth trend in Goods and Services Tax (GST) revenues, Kerala registered 13% growth in GST collection in August this year over August 2022.
According to data released by the Union Finance Ministry, collection for August 2023 stood at Rs 2,306 crore. It was Rs 2,036 crore in August 2022.
The collection for a given month pertains to the consumption of goods and services in the previous one.
The Finance Ministry also gave Rs 2,472 crore as the amount settled to Kerala by way of State GST (SGST) and the SGST portion of Integrated GST (IGST) in August.
In the first quarter of the 2023-24 fiscal, Kerala had recorded 12% growth in GST revenues in April 2023, 11% growth in May and 26% growth in June compared to same months in the previous fiscal.
The State government had completed the revamp of the State GST department this year in a bid to plug tax leaks and improve collection.
