Team Blitz India
MUMBAI: Maharashtra, with a 19.6 per cent share in all-India Goods and Services Tax (GST) collection in fiscal 2024 (April-February), is the top contributor to the GST pool, as per the latest data on collections across Indian states, A Crisil report revealed that Karnataka was the second biggest contributor to the GST pool.
“Maharashtra’s dominance is not just in terms of absolute GST collection, but also when looked at from a per capita perspective,” said the report, titled Quickonomics by Crisil. “Normalized for population size, Maharashtra tops the ranking, indicating the intensity of consumption spending in the state.”
Additionally, the Crisis analysis showed that the top three states with the highest per capita consumption spending are Maharashtra, Karnataka, and Haryana. While the bottom three slots are occupied by Bihar, Uttar Pradesh, and Jharkhand.
While Uttar Pradesh, West Bengal, and Rajasthan may have high absolute GST collections, their per capita consumption spending is relatively lower. Haryana, Telangana, Kerala, and Punjab moved up in the rankings on per capita spending.
The report added that states with higher per capita income, like Telangana (Rs. 3,44,219), tend to have higher average consumption compared to states with lower per capita income, like Bihar (Rs. 59,639).
