Languishing share of GST revenue in GSDP

Even as state revenue receipts have returned to the pre-pandemic level, Goods and Services Tax (GST) collections of states as a percentage of Gross State Domestic Product (GSDP) remain below pre-GST levels, as per a recent report ‘State of State Finances’ by PRS Legislative Research. With the GST compensation grants having ended in June 2022, there has been an adverse impact on some st…