Since the introduction of the Goods and Services Tax (GST), it has emerged as a pivotal revenue source for both state governments and the central government in India. This note aims to delve into the narrative articulated by GST collection data, offering a detailed analysis of its various components, including the respective shares contributed by states and the central government. A key focus is identifying the major contributing states and forecasting potential trends in GST revenue for the forthcoming fiscal year. Additionally, the note includes a comparative analysis of monthly growth against the corresponding months of the previous financial year. The ultimate objective is to not only interpret the data but also to utilize these insights in projecting the role of GST in shaping the Government of India’s future revenue streams.
GST Collection – Trends
The presented chart offers a comprehensive view of the GST collection trends of the Indian Government since the fiscal year 2018. It is meticulously designed to encompass three critical dimensions of analysis:
