- Mon, Jul 18, 2022 7:04 PM
The state’s growth rate has increased significantly from 2 percent in March 2022. Besides that, April 2021 appears to be a watershed month for the state, with the state crossing ₹4,000 crore mark in GST for the first time. According to recent data, the state’s monthly income has increased by ₹1,000 crore in just 12 months. Sales tax/VAT, stamp duty, and registration fees are expected to increase by 25 percent in 2022-23, compared to revised estimates for 2021-22. After SGST (30 percent of own tax revenue), sales tax/VAT will be the second-largest source of own tax revenue in 2022-23.