Additional Chief Secretary (Finance) L.K. Atheeq has clarified to businessman T.V. Mohandas Pai that Karnataka GST collection is not slowing down. This comes in the backdrop of the Mr. Pai expressing concern over the apparent slowdown in the growth rate of GST in Karnataka, which was 9% for the month of April.
In a recent statement made by the Ministry of Finance, it was announced that the Goods and Services Tax (GST) revenue collection for April 2024 had reached an unprecedented high, soaring to ₹2.10 lakh crore. The GST collections breached the landmark figure of ₹2 lakh crore for the first time. The data revealed a 12.4% year-on-year growth in gross revenue, with net revenue (after refunds) standing impressively at ₹1.92 lakh crore, showcasing a notable 17.1% year-on-year growth.
In a tweet, directed at Chief Minister Siddaramaiah and others, Mr. Pai had highlighted the “worrisome trend” in Karnataka, citing April figures, and called for a review by the Karnataka government.
