Tag: double-digit growth

Consumption, clubbed with inflation and compliance, boosted GST collection in key States between February and July of this calendar year. Most of these States have recorded double-digit growth, with Maharashtra maintaining the lead over all States not just in terms of collection but also in growth. As GST is a consumption-based taxation system and it affects prices of both input (consumed by the producer) and output (consumed by the consumer), both wholesale and retail inflation have an impact on GST collection. Experts find a correlation between Inflation and...