THIS state is the biggest contributor to GST collection at 19.6%, leads per capita consumption spend
GST Collection: Maharashtra, with a 19.6 per cent share in all-India Goods and Services Tax (GST) collection in fiscal 2024 (April-February), is the top contributor to the GST pool, as per latest data on collections across Indian states, cementing its position as the country's economic powerhouse. A Crisil report released on April 11 reveals that after Maharashtra, Karnataka was the second biggest contributor to the GST pool.
"Maharashtra's dominance is not just in terms of absolute GST collection, but also when looked at from a per capita perspective," said the report, titled Quickonomics by Crisil. "Normalized for population size, Maharashtra tops the ranking, indicating the intensity of consumption spending in the state."
Contrast with low income states
Additionally, the Crisis analysis showed that the top three states with the highest per capita consumption spending are Maharashtra, Karnataka, and Haryana. While the bottom three slots are occupied by Bihar, Uttar Pradesh, and Jharkhand.
