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HomeFinancePuducherry and Punjab have the highest GST revenue shortfall, shows data

Puducherry and Punjab have the highest GST revenue shortfall, shows data




The implementation of (GST) has been a boon for most north-eastern states, such as Arunachal Pradesh, Mizoram, Manipur, and Sikkim, with collections higher than the guaranteed annual 14 per cent increase in states’ by the Centre.


However, states like Puducherry, Punjab, Nagaland, and Uttarakhand have the highest revenue shortfall, which is met by GST compensation cess that is coming to an end on June 30.


chart


The good news is the revenue shortfall of all the states have narrowed from FY21 level to FY22 level.


At the national level, the shortfall has narrowed to 27.2 per cent in FY22 from 37.9 per cent in FY21.




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