Current Trends in Indian Economy
Tamil Nadu and Puducherry GST zone stands third
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- 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
