Meghalaya records 35 per cent GST revenue growth in October
The state achieved the third-highest GST growth in the Northeast, trailing only Assam and Manipur, according to NENow.
Meghalaya recorded a 35 per cent increase in Goods and Services Tax (GST) revenue in October, officials said on Sunday. According to NENow, the state's collections reached Rs 216 crore, up from Rs 160 crore in the same month last year.
The state ranked third in the Northeast for revenue growth. Assam saw the highest growth in the region at 47 per cent, with collections rising to Rs 1,934 crore from Rs 1,315 crore.
Manipur followed with a 40 per cent increase, as its collections grew to Rs 90 crore from Rs 64 crore last year. Sikkim was the only northeastern state to report a decrease, with revenue dropping 28 per cent to Rs 221 crore from Rs 307 crore.
Data showed that Meghalaya's pre-settlement State Goods and Services Tax (SGST) collections grew by 81 per cent. These collections rose to Rs 84 crore in October from Rs 47 crore during the same period last year.