Karnataka has recorded impressive GST collections of Rs 10,317 crore, second only to Maharashtra in India. The state’s revenue for May saw an increase of 12%, compared to the same period in 2019, while India’s overall GST collection also showed a 12% increase. This can be attributed to higher compliance and e-invoicing, which will soon become mandatory for businesses with turnovers above Rs 5 crore. The department will hold webinars and provide other e-invoicing generation facilities to streamline GST collections in the coming months. Karnataka’s impressive GST collections are outperforming traditional sources of revenue such as stamps and registration, transport and excise.
Karnataka collects over Rs 10,000 crore through GST
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