Telangana’s GST collection growth shows sharp decline in September 2024

In a worrying trend for Telangana’s economy, the State’s GST collections for September 2024 registered a meagre 0.78 per cent growth compared to the previous year – a stark contrast to the 33 per cent growth seen in September 2023 over its previous September 2022. This sharp decline raises concern over a broader slowdown in revenue growth.

Over the last three years, Telangana had enjoyed consistent double-digit growth in GST collections.



In 2023, the State saw a 13 per cent increase in April, which surged to 33 per cent in September, showcasing a robust post-pandemic recovery. The trend continued throughout 2023, with overall growth rates maintaining a double-digit. However, 2024 tells a different story. While collections in April and May still showed a healthy 11 per cent increase, the momentum slowed significantly from June onward. By September 2024, the State could barely manage a 0.78 per cent growth.