State registers 18% rise in GST collection
Patna: Bihar has joined the top league of five states of the country by registering 18% annual growth in GST collection during fiscal 2023-24, said commercial taxes department (CTD) commissioner-cum-secretary, Sanjay Kumar Singh here on Wednesday.
“Against 13% national average growth rate of GST collection, Bihar registered 18% growth rate during fiscal 2023-24, thereby catapulting to the slot of top five states,” Singh told mediapersons here, adding the state has been registering 18% annual growth rate since 2021-22.
Singh also said the state’s GST collection, in the last six fiscal since the new tax regime came into force on July 1, 2017, increased by 122% overall. While the tax collection was Rs 17,236 crore in 2017-18, it has increased to Rs 38,198 crore in 2023-24, he added.
