GST lifted state tax buoyancy, with Maharashtra widening its revenue lead: India Ratings
India Ratings says GST improved tax buoyancy, compliance and formalisation across states. SGST revenue grew 9% in FY18-FY26, while Maharashtra’s share of state tax revenue rose to 20.4% from 17.6%, reinforcing its importance as a consumption and services market for retailers.
India Ratings said GST improved state tax buoyancy, compliance and formalisation, signalling stronger consumption. Maharashtra retained the largest state-tax share, rising to 20.4% post-GST, supported by domestic consumption and services.
Why this matters
No related recent India Ratings signals were provided; this report focuses on GST-driven state tax buoyancy and Maharashtra's widening revenue share.
Retail-company signals are accelerating, up 407233% QoQ.
Also reported by
- The Hindu BusinessLine — Same time