 "GST, goods and services tax, GST collection")
The most urbanised and industrialised states in India are showing the lowest growth in state goods and services tax (GST) revenue collection in 2018-19, data tabled in Parliament on Tuesday has shown. Relatively under-developed states, on the other hand, have shown a healthy growth in SGST collections over previous year. This also includes transfers from Integrated GST (IGST).
Revenue Secretary Ajay Bhushan Pandey had told Business Standard that the series of rate reductions under the GST had resulted in a revenue loss of Rs 90,000 crore to the Centre. But this data shows that rate rationalisation has equally hit states’
