
Top 10 states in India by GST revenue in FY 2024: Who contributed the most in April 2025?
Top 10 highest GST-paying states in India: Goods and Services Tax (GST) was introduced on July 1, 2017, as a major change in India's approach to fiscal reform to streamline and simplify India's tax system.
According to ClearTax, last year's (2024) total GST revenue collection reached Rs 21.36 lakh crore, the highest since 2017, and an 8.86% increase over the previous year's collection.
The gross GST revenue collections in April 2025 totalled Rs 2,36,716 lakh crore, representing an annual growth rate of 12.6%, according to the Ministry of Finance's most recent data.
Maharashtra leads the rankings of total GST collection for FY 2024 and even in April 2025, however, the financial capital's growth slowed to 11 per cent this April from 13 per cent in April 2024.
Gujarat outpaced major GST-contributing states, seeing a 13 per cent year-on-year increase, and total GST revenue rising to an all-time high of Rs 14,970 crore for April 2025; meanwhile, for the financial year 2024-25, it recorded a total GST revenue collection of Rs 1,74,938 crore as per the GST Council data, accessed via Forbes.
In a notable mention, as of April 2025, Lakshadweep recorded an exceptional 287 per cent rise; meanwhile, northeastern Indian states like Arunachal Pradesh reported a 66 per cent growth in GST collection, followed by Meghalaya at 50 per cent and Nagaland at 42 per cent.
Note: The data for total GST Revenue Collection for FY 2024 has been sourced from the GST Council (accessed via Forbes), and for April 2025 data (which does not include GST on import of goods) has been sourced from gst.gov.in.
Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at cherry.gupta@indianexpress.com. ... Read More
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
37 minutes ago
- The Hindu
ED raids in Rajasthan, Gujarat in ₹2,700 cr investors 'fraud' case
The Enforcement Directorate on Thursday (June 12, 2025) conducted searches in Rajasthan and Gujarat as part of a money laundering investigation into an alleged ₹2,700 crore fraud with investors, official sources said. The case filed under the Prevention of Money Laundering Act (PMLA) stems from a Rajasthan Police FIR against a company called Nexa Evergreen. The company is alleged to have duped investors to the tune of Rs 2,700 crore by promising higher returns and plots of land in Dholera city of Gujarat, the sources said. About two dozen locations in Sikar, Jaipur, Jodhpur and Jhunjhunu in Rajasthan and Ahmedabad in Gujarat are being searched as part of this probe, they said.


Economic Times
37 minutes ago
- Economic Times
Asian Paints shares see Rs 7,700 crore block deal, stock up over 2%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of bluechip Nifty stock Asian Paints , which have fallen nearly 30% in the last two years due to rising competitive intensity and sluggish urban demand, saw a large block deal this morning in which 3.5 crore shares exchanged transaction involving 3.6% equity was said to be valued around Rs 7,7OO crore, according to reports. Following the large block deal, Asian Paints shares rose over 2% to Rs 2,263.95 on details of the buyer and seller were not immediately known, but there is a rumour in the market that Reliance Industries , which owns a 4.9% stake in Asian Paints through its investment arm Ojasvi Trading might have been the a month ago, ET had reported that RIL has revived plans to sell its entire 4.9% stake in Asian Paints, nearly two decades after buying had picked up the stake at an investment of just Rs 500 crore in January 2008, right when markets were in a tailspin amid the global financial crisis and the collapse of Lehman Paints shares have shed 17% over the past three years, making it one of the worst-performing blue-chip stocks in that period. Its once-impregnable fortress is now under siege — notably from Birla Opus Paints, a new entrant backed by the Aditya Birla to Elara Securities, Asian Paints' market share has fallen from 59% to 52% in FY25. The erosion is stark, and it's happening fast.'We strongly believe that as a brand we need to take calibrated action to ensure that we tackle the competition in a more sustainable way,' Asian Paints CEO Amit Syngle told investors headwinds abound. The company has posted muted revenue growth for four straight quarters, citing sluggish urban demand and an early Diwali. More concerning is the margin pressure. Despite lower raw material costs, higher rebates and increased competition have shrunk gross margins have taken note. Nuvama recently cut its FY26-FY27 earnings estimates for Asian Paints by 6-8%, forecasting a modest 7.2% EPS CAGR through FY28. It also slashed the target price to Rs 2,200, keeping its rating neutral and assigning a valuation of 45x forward earnings — a notable 20% discount to the stock's 10-year isn't the first time Ambani has flirted with an exit. Five years ago, Reliance had considered selling the stake ahead of its massive rights issue, as part of a broader deleveraging strategy following Jio's capex-heavy rollout. That plan never materialized.


Time of India
38 minutes ago
- Time of India
I-Sec downgrades Home First to Add; target price Rs 1,375
ICICI Securities has revised its rating for Home First Finance. The stock is now rated as 'Add' instead of 'Buy'. The target price remains at Rs 1,375. Home First aims for substantial AUM growth by FY30. They plan to reach Rs 200 billion by FY27 and Rs 350 billion by FY30. Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.)