There was 24% year-over-year (YOY) increase inGST collectionin November forTelangana, rising from Rs 3,175 crore in 2020 to Rs 3,931 crore for the same month this year.
The state is third after Kerala (36%) and Karnataka (30%) among southern states in terms of Percentage rise in NovemberGSTcollection.
Overall, the state is ranked sixth along with Maharashtra (24%) for GST Growth this year over November 2020.
For , the YOY increase in October was 13% and for September it was 25%. The November GST results are also solid in the sense that they are close to crossing the Rs 4,000 crore barrier, a milestone that the state earlier touched in April for the first time since GST was implemented in the country in 2017.
Across the country, the revenues in November 2021 are 25% higher and 27% higher than in 2019-20. The trend in Telangana is also similar with a 24% increase.
Top YOY gainers in the country for November this year are Odisha (64 %), Kerala (36 %), Punjab (32 %), Karnataka (30%), Delhi (29 %) and Gujarat (26 %). In south, neighbouring Andhra Pradesh and Tamil Nadu saw a 10% gain.