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In a significant boost to Maharashtra's fiscal health, the state's Goods and Services Tax (GST) collection for FY 2024-25 surpassed expectations, establishing itself as the single largest contributor to state revenue. While other key departments struggled to meet their targets, GST collections stood out with a record Rs 2.25 lakh crore, exceeding the projected Rs 2.21 lakh crore and registering a 13.6% year-on-year growth. According to data released by the State GST Department, GST alone acco
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FAQ :
Maharashtra's total GST collection for FY 2024-25 reached Rs 2.25 lakh crore.
Yes, Maharashtra exceeded its GST revenue target of Rs 2.21 lakh crore, collecting Rs 2.25 lakh crore.
Maharashtra's GST collection saw a year-on-year growth of 13.6% for FY 2024-25.
Besides GST, Value Added Tax (VAT) on liquor and petroleum products contributed Rs 59,231 crore, and Professional Tax (PT) added Rs 3,072 crore.
No, departments such as Stamps and Registration, and State Excise fell short of their budgetary targets, highlighting the importance of GST's performance.
Maharashtra's GST collection of Rs 2.25 lakh crore was significantly higher than Uttar Pradesh's Rs 84,200 crore for FY 2024-25, making it the largest contributor.
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