Karnataka has overtaken Gujarat in an item and corporate tax collections in the first six months of this fiscal 12 months, taking second place behind Maharashtra among the states.
Gujarat was second in GST collections during the same interval of the last 12 months and Karnataka was third.
As of Can these 12 months, Karnataka has persistently overtaken all the massive states along with Maharashtra in GST assortment advancement.
Karnataka Industrial Taxes Commissioner C Shikha attributed the southern state’s solid performance to increased compliance by vendors, apart from heightened vigilance by authorities.
The state’s spectacular efficiency is closing in on the heels of its capital Bengaluru overtaking the national capital Delhi to emerge as the highest-paying direct tax metropolis after Mumbai in the last 12 months (2021-22).
This fiscal 12 months, Karnataka’s entire GST assortment at Rs 59,035 crore within the first six months was nevertheless less than half of Maharashtra’s Rs 1,32,544 crore. It was Rs 56,679 crore for Gujarat.
Karnataka reported 60% (vs. 44% all-India) progress in GST collections over the same interval last 12 months in Can, 73% (56%) in June, 45% (22%) in July, 29% (19%) in August and 25% (22%) in September. The primary half of this fiscal 12 months was an increase of 38% compared to the previous 12 months.