States' GST mop-up up 16% in December ; UP, Telangana remain laggards

Only Uttar Pradesh and Telangana witnessed a growth rate of less than 14 per cent

GST, GST collections, gst revenues
Indivjal Dhasmana
1 min read Last Updated : Jan 02 2020 | 1:07 AM IST
GST collections from domestic transactions rose 16 per cent YoY to Rs 80,849 crore in December 2019. Among the top 10 states in terms of GST collections on this count, only Uttar Pradesh and Telangana witnessed a growth rate of less than 14 per cent. Any state which gets less than 14 per cent revenues from GST is taken as loss- making and is given compensation by the Centre, largely from the cess imposed for this purpose. However, for clear picture, IGST on imports and compen-sation cess on imports are needed. Also, 14 per cent growth for compensation is taken on the base of 2015-16.


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Goods and Services TaxGSTDecember GST collections

Next Story