Union Finance Minister Nirmala Sitharaman, speaking at ‘The Conclave 2023’ hosted by the Pratidin Media Network emphasized the significant benefits that northeastern states have gained from the implementation of the Goods and Services Tax. She pointed out that since the introduction of GST in 2017-18 ; Northeastern states have experienced remarkable compound annual GST revenue growth with a rate of 27.5%, surpassing the national average of 14.8% for all states.
Sitharaman’s statement which was shared on X (formerly Twitter) by her office and it highlighted the crucial role of GST in providing additional revenue to the northeastern states. This additional revenue has proven to be a valuable asset for these states enabling them to fund various programs and initiatives.
The Finance Minister’s remarks underscored how GST has positively impacted the financial landscape of the northeastern region. With their leading revenue growth, it is evident that GST has played a pivotal role in supporting the developmental efforts of the northeastern states, catering to their unique needs and aspirations.
Union Finance Minister Nirmala Sitharaman, speaking at ‘The Conclave 2023’ event : highlighted the significant advantages that northeastern states have gained from the Goods and Services Tax (GST) implementation. She pointed out that these states have experienced a remarkable annual GST revenue growth rate of 27.5% since GST’s inception in 2017-18 outperforming the national average of 14.8% for all states. This additional revenue has proven invaluable for the northeastern states, enabling them to fund various programs. Sitharaman’s remarks underscored how GST has positively impacted the financial landscape of the northeastern region and supporting their unique developmental needs and aspirations.