Tamil Nadu’s GST revenue grows just 3% in October, DMK blames TVK govt for weak economic growth
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tamil Nadu recorded only three percent GST growth in October, reaching Rs 11,661 crore.
- ✓While national collections jumped 22.9 percent, the state lagged behind its neighbours.
- ✓DMK leaders blamed the TVK government for this weak performance.
Story at a Glance
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- BUSINESS
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- ThePrint
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- 3 Minute(s)
- Market Focus
- India Economy
Chennai: Tamil Nadu recorded only three percent year-on-year growth in gross Goods and Services Tax (GST) collections in October—reaching Rs 11,661 crore as against Rs 11,298 crore in the same month last year—even as India’s overall GST revenue jumped by 22.9 percent to a strong 2.31 lakh crore in the same period.
According to official data released by Union Ministry of Finance, Tamil Nadu lags behind neighbouring states like Andhra Pradesh with GST revenue growth of 24 percent, Kerala with 23 percent, Karnataka with 18 percent, Telangana with 14 percent, and Maharashtra with 13 percent. National domestic GST collections rose 15.8 percent, while revenue from imports surged 42.2 percent, powering the overall rise.
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