Key Points
Indias latest goods and services tax (GST) revenue numbers present an encouraging picture..
For March, revenue climbed 11.5% from a year earlier to 1.78 trillion..
This is the second-highest monthly mop-up since the tax regime was implemented in mid-2017, topped only by April 2023s intake of 1.87 trillion..
For the latest fiscal year ended 31 March, GST revenue stood at 20.1 trillion, a 12% increase..
States had to be compensated for shortfalls in line with a promise made at the time of GST adoption, and the wait for this need to end has been very long..
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