Telangana has emerged as a strong economic power in India, with rapid increase in Goods and Services Tax (GST) receipts. According to a report given to the Comptroller and Auditor General (CAG), Telangana’s GST revenue increased by 69 percent from 2018-19 to 2022-23, totaling Rs 13,103 crore.
Despite the global financial troubles created by the COVID-19 epidemic, Telangana’s GST collections remained positive. Even throughout the lockdowns, the state saw constant rise in GST collection in later years. The K Chandrashekhar Rao government’s good financial planning and policies have contributed to Telangana’s constant growth in GST receipts.
Telangana’s GST revenue performance has been remarkable, with the state constantly exceeding budget predictions. Commercial Taxes played a critical role in this success, establishing several reforms and taking a proactive approach to financial planning. The state’s outstanding performance has piqued the interest of other states, prompting them to study and learn from Telangana’s reforms.
Telangana’s strong economic strategy, efficient use of financial resources, and long-term growth have made it a model for other states to follow. Despite obstacles, Telangana has developed as a formidable economic powerhouse in the country.
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