Telangana’s GST collections surge by 63 per cent in six years

Telangana’s Goods and Services Tax (GST) collections have witnessed substantial growth, reaching Rs 30,048 crore in the first eight months of the current financial year of 2023-24. This marks an impressive increase of Rs 11,084 crore, or 63 per cent, compared to the Rs 18,964 crore collected during the corresponding period in 2018-19.

According to the latest report by the Comptroller and Auditor



General (CAG), in the current financial year (2023-24), Telangana displayed robust GST collections, with Rs 4,082 crore collected in April alone. This marked a significant increase of Rs 694 crore compared to the same month in previous financial year. The State maintained promising GST collections, averaging Rs 3,500 crore per month, equivalent to 59 per cent of the estimated GST collections of Rs 50,942 crore for the year.