...
...
Next Story

U.P.’s GST revenue grows 15%, surpassing national average

U.P.’s GST revenue for the period reached ₹56,687 crore, up from ₹49,282 crore during the same period last year. While Tamil Nadu and Dadra and Nagar Haveli led with 21% growth, Gujarat and Maharashtra recorded 16%.

Published on: Dec 16, 2024, 21:29:52 IST
Advertisement

Uttar Pradesh has recorded impressive consumer spending trends, with a 15% growth in Goods and Services Tax (GST) revenue until November, surpassing the national average of 13%. This growth brought U.P. closer to economically advanced states like Maharashtra and Gujarat.

This growth brought U.P. closer to economically advanced states like Maharashtra and Gujarat. (Sourced)
This growth brought U.P. closer to economically advanced states like Maharashtra and Gujarat. (Sourced)

Principal secretary of state tax, M Devaraj, attributed the rise to increased consumer spending and improvements in tax compliance. “This growth shows that people in U.P. are spending on goods and services on par with, or even more than, those in wealthier states,” he said.

U.P.’s GST revenue for the period reached 56,687 crore, up from 49,282 crore during the same period last year. While Tamil Nadu and Dadra and Nagar Haveli led with 21% growth, Gujarat and Maharashtra recorded 16%.

“The data challenges the common perception of U.P. as a low-consumption state. Since GST is based on consumption, the strong growth reflects that people in U.P. are spending at levels comparable to, or in some cases higher than, residents of more affluent states,” a senior state tax department official said.

U.P.’s GST revenue is expected to grow further as industrial units set up following investor summits start production, an official said.

 
ABOUT THE AUTHOR
Brajendra K Parashar

Brajendra K Parashar is a Senior Journalist with the Hindustan Times, based in Lucknow, with nearly three decades of experience covering governance, public policy, politics and development in Uttar Pradesh. Over the years, he has reported extensively on key sectors, including energy and renewable power, mobility and transport, road safety, agriculture and allied sectors and issues related to farmers, rural development, taxation under the Goods and Services Tax (GST) and public administration. A seasoned political correspondent, Parashar closely tracks the Bharatiya Janata Party (BJP) and has covered every major election in Uttar Pradesh right from three-tier panchayat elections and urban local body polls to Assembly and Lok Sabha elections. He also reports regularly on the proceedings of the Uttar Pradesh Legislature, bureaucracy, governance, policy decisions and administrative developments with focus on their impact on public life. His reporting is known for its strong analytical approach, extensive use of official data. His areas of interests include investigative journalism, long-form political and policy analysis, data-driven reporting, elections and institutional reforms. Parashar holds a postgraduate degree in Political Science with First Division from Aligarh Muslim University (AMU), followed by a Diploma in Journalism and Mass Communication from the same university. His inclination towards journalism began during his student days, when he regularly contributed letters to editors and articles to newspapers and magazines. In the mid-1990S, his essay, “Should India Switch Over to the Presidential Form Of Government?”, published in Politics India magazine edited by noted constitutional expert Subhash C Kashyap, was adjudged the best entry in a national competition. His work has received professional recognition, including the Hindustan Times Journalist of the Month Award for an impactful series on drinking water issues during the 2010 Lok Sabha election campaign. Originally from Kasganj in western Uttar Pradesh, Parashar is currently based in Lucknow where continues to report on politics, governance and public policy.

SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe