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Which Indian state recorded the highest GST revenue collection for December 2019?
Gujarat
Punjab
Karnataka
Maharashtra
- GST, or Goods and Services Tax, is a significant source of revenue for Indian states, reflecting economic activity and compliance rates.
- Different states have varying economic activities contributing to their GST collections.
- Gujarat has substantial industrial activity, particularly in chemicals and textiles, boosting its GST revenues.
- Punjab's GST collections are smaller, with the state's economy relying heavily on agriculture.
- Karnataka, with major IT and manufacturing hubs, sees strong GST income, but it typically ranks below Maharashtra.
- Maharashtra is a leading state in terms of economic output, often recording the highest GST revenue due to its diverse industrial and service sectors.
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