CAG study: GST boosted own revenue of almost all states

NEW DELHI: Almost each states person reaped a bounty aft implementation of Goods and Services Tax (GST) with their ain taxation gross efforts getting a large boost.A decadal survey by the comptroller and auditor wide (CAG) connected the implementation of GST and its interaction connected the ain taxation gross of states showed that the mean maturation successful the 3 years anterior to instauration of GST, from 2013-14 to 2016-17, was 10%, which accelerated to 11.7% during the post-GST signifier of 2018-19 to 2023-24, reports Pradeep Thakur.This included the Covid play erstwhile economical enactment and taxation collections were deed hard. Gujarat saw the steepest acceleration.Arunachal saw grounds precocious SGST maturation during FY19-FY24Despite that, betwixt 2018-19 and 2023-24, the mean yearly maturation of authorities GST was implicit 13%. The publication of GST successful states’ gross kitty ranged from 35-47%. Apart from GST, the constituents of states’ ain taxation gross (SOTR) includes excise postulation connected liquor, taxation connected car fuel, electricity, registration of properties and royalties.

States person a mediocre way grounds successful boosting SOTR, thing 16th Finance Commission pointed retired and RBI flags each year.The precocious released CAG study studied the taxation trends successful states, starting from 2013-14 and up to the play aft the instauration of GST from July 2017. Gujarat saw the steepest acceleration — 4.6% to 12.4% — portion deceleration was seen successful astatine slightest 5 states — Telangana, Andhra Pradesh, Himachal Pradesh, Uttarakhand and Kerala.

“Since 2018-19, the mean yearly maturation of revenues from SGST outpaced the mean yearly maturation of SOTR successful astir each states, but Assam, Chhattisgarh, Goa, Jharkhand, Kerala, Telangana and Tripura,” CAG said. The survey said that successful 5 of 8 8 northeastern states and Madhya Pradesh, mean yearly SGST maturation was implicit 17% from 2018-19 to 2023-24. Arunachal Pradesh recorded an exceptionally precocious mean yearly maturation of 27% successful SGST during this period.