“In terms of volume, Maharashtra, Gujarat, Karnataka along with Tamil Nadu clocked the maximum collection as these states have a large corporate base and attract most of the investments that come into India. The collections also reflect the efforts of state governments on continued focus on growth and ease of business operations which is attracting new investments. The majority of the states are reflecting double-digit growth barring a few like Punjab (which is negative), Rajasthan and West Bengal. Lesser investment in these states as compared to other major states can also be considered as one of the reasons for slow growth in these states,” said Ankur Gupta, Practice Leader (Indirect Tax), SW India.
