Tamil Nadu and Karnataka have outpaced the all India average in GST collections in July, keeping up with their impressive performance in the first four months of this fiscal year. Telangana, on the other hand, has slipped into single digit year-on-year growth rate in July after clocking a double digit growth in April, May and June. In May, it managed to equal the national average growth rate of 11%. Maharashtra clocked a 18% growth rate, while Tamil Nadu registered 18%, Telangana 13% and Andhra Pradesh 9%, growth rates. In direct tax collection too, Bengaluru is neck and neck with Delhi as the city has recorded a blistering growth in income tax collection in the five-year period to 2022-23.

Source: Economic Times August 08, 2023 13:24 UTC