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Maharashtra, UP tops in GST collection in first 5 months
December 25 , 2017
2526 days
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- Maharashtra and Uttar Pradesh are the top contributors among states and Union Territories in the first five months since the rollout of the GST regime.
- Maharashtra tops State GST SGST collections with Rs. 18,701 crore. Tamil Nadu is at the second spot with Rs. 8,739 crore collection followed by Karnataka and Gujarat.
- Maharashtra garnered Rs 3,702 crore and Uttar Pradesh collected Rs 3,549 crore through cess levied on sin and luxury goods. Karnataka ranks third followed by Chhattisgarh.
- The GST regime implemented from July 1, 2017 has tax four slabs of 0, 5, 12, 18 and 28%.
- Additional cess ranging from 1 to 290% is levied over and above highest tax rate of 28% on sin and luxury goods such as tobacco, cigarettes and luxury cars.
- The amount collected through cess flows into compensation fund, which is used to compensate states for revenue losses on account of implementation of GST.
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