The Andhra Pradesh Commercial Taxes Department is using GST and related tax data to strengthen real-time measurement of economic activity and sector-wise Gross Value Added (GVA) in the State.
Commercial Taxes Department Chief Commissioner Babu A stated at the 8th Collectors’ Conference in the Secretariat that GST-based analysis of the manufacturing sector indicated 19.6% year-on-year growth up to July. This compares with growth of around 18% recorded through the first quarter. The manufacturing sector’s estimated GVA was placed at approximately ₹1.75 lakh crore.
The GST-based assessment was also reported to be closely aligned with the First Advance Estimates prepared by the Planning Department through sample-based surveys, with a difference of about 0.6 percentage points. The department considers this level of correlation indicative of the potential of GST data as a tool for more timely economic measurement.
To support the exercise, the Commercial Taxes Department has developed an AI-based analytical methodology for estimating GVA from GST data reported by manufacturing units. The assessment is further supplemented with e-way bill information, enabling the system to account for the movement of goods into and out of Andhra Pradesh.
The initiative is aimed at improving the availability of timely economic indicators and strengthening data-driven assessment of manufacturing activity and other key sectors. CASansaar