Current Trends in Indian Economy Tamil Nadu and Puducherry GST zone stands third The Tamil Nadu and Puducherry Goods and Services Tax (GST) zone has a tax base of 4.57 lakh tax payers administered by Central GST authorities. It has contributed 8.12% of all of India’s GST revenue and 4.72% of the all-India Central Excise Revenue in 2022-23. The zone stands third in the all India-GST revenue collection. The year-on-year national growth in GST revenue collection is 21% during 2022-23 compared to the previous year. Likewise, the Tamil Nadu and Puducherry Zone revenue has shown a 19% increase in 2022-23 compared to last year. Tamil Nadu stands third in the large State category after Karnataka and Maharashtra. About GST The goods and services tax (GST) is a value-added tax (VAT) levied on most goods and services sold for domestic consumption. 4 Slabs of GST - 5%, 12%, 18%, and 28% GST Council Chairman - Union Finance Minister Nirmala Sitharaman Office – New Delhi Started – July 1, 2017
