Kerala GST revenue at new high of Rs 18.56 bn against Rs 11.7 bn in Sept

The state, which expects around 20 per cent growth in tax revenue per month once GST is fully implemented, has so far only seen 8.75 per cent growth this year.

Kerala’s goods and services tax (GST) revenue during October this year was at its peak of Rs 18.56 billion against Rs 11.7 billion during September because of various reasons, including the state’s efforts to stop revenue evasion on e-way bills.
The state, which expects around 20 per cent growth in tax revenue per month once GST is fully implemented, has so far only seen 8.75 per cent growth this year.

“We hope that proper implementation of the system could bring in full benefits of the new tax regime,” said the state’s finance minister Thomas Isaac.

Commenting on the growth of GST revenue during October, he clarified that it was high compared to September, also because of the impact of the devastating floods, which hit the state in August.
However, GST revenue in October was the highest the state has received after the tax regime was implemented, and is almost 18.75 per cent higher than the GST revenue of Rs 15.63 billion registered during October last year, Isaac said in his social media post.

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