Figure 2
A grouped bar chart shows values for S G S T, I G S T Sett, and total G S T Revenue for 2018 to 2024, with a trend line.The diagram is a combination chart consisting of a grouped vertical bar graph and a line graph. The vertical axis is labeled “Revenue (in Crores)” and ranges from 0 to 40,000 in increments of 5,000 Crores. The horizontal axis is labeled “Time” and shows the years 2018 to 2024. A legend at the bottom indicates that for each year, three bars are shown. blue bars represent S G S T (in Crores), orange bars represent I G S T Sett (in Crores), and grey bars represent G S T Revenue (in Crores). A blue dotted line represents the linear trend of G S T Revenue (in Crores). The data from the bar graph is as follows: 2018: S G S T: 8514.19, I G S T Sett: 1641.63, G S T Revenue: 10182.82. 2019: S G S T: 12690.31, I G S T Sett: 3876.65, G S T Revenue: 16566.96. 2020: S G S T: 13921.94, I G S T Sett: 4933.31, G S T Revenue: 18855.25. 2021: S G S T: 11951.83, I G S T Sett: 6117.12, G S T Revenue: 18068.95. 2022: S G S T: 15116.09, I G S T Sett: 8696.04, G S T Revenue: 23812.13. 2023: S G S T: 18142.65, I G S T Sett: 11828.86, G S T Revenue: 29971.51, 2024: S G S T: 20334.27, I G S T Sett: 14566.85, G S T Revenue: 34901.12. The trendline starts at (2018, 10921.02), continuously rises upward with a positive slope through the points (2020, 18156.99), (2022, 25392.49), and ends at (2024, 33447.09).

Yearly trend of SGST, IGST and GST revenue. Source: Authors’ compilation

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