Join What's App Group for Pharma Jobs

Over 30 per cent growth in April-July GST collection – North eastern states

North eastern states registered over 30 percent growth in GST collection during the first four months of the current fiscal 2019-20.

The growth in the collection of the goods and services tax (GST) registered by the majority of the seven sister states is more than three times the national average of 9%. 

In absolute terms, the total tax collection during April-July of this fiscal year increased to Rs 3.56 lakh crore, according to the data accessed. 

As per the data released, among the northeastern states, during the period from April to July

  • Nagaland recorded the highest 39 percent growth in Rs 393 crore.
  • Followed by Nagaland, Arunachal Pradesh with a growth of 35 percent to Rs 514 million rupees;
  • Sikkim with a 32 percent increase to Rs 370 million rupees.
  • Also, Meghalaya recorded a 30 percent growth in the GST collection at Rs 680 million rupees, and
  • Mizoram’s growth was slightly lower by 27 percent with Rs 350 crore. 
  • The states of Tripura and Manipur also registered a growth of 16%, more than double the large industrial states such as Maharashtra, Haryana and Gujarat. 

Tamil Nadu and Karnataka registered a growth of 10% and 11% in the GST collections, respectively.

However, of 37 states and territories of the union, Delhi, Lakshadweep and Puducherry registered growth decrease of 2 percent, 17 percent and 8 percent respectively. 

Large states like Maharashtra and Gujarat recorded a growth of 6% in the GST collection. Whereas Punjab and Haryana recorded a 7% and 9% growth.

As compared to a year ago, GST collection of Delhi declined to Rs 12,700 crore during April-July 2019, compared with a little under Rs 13,000 crore last year

According to experts, Delhi has been negatively affected when the fiscal arbitration over the central sales tax (CST) has ended.

In the past, Delhi imposed a CST lower than 1 percent, which led many companies to ship goods from the territory of the union by locating their offices here. 

In contrast, consumer states such as Bihar, Odisha, Uttar Pradesh and Madhya Pradesh are getting better results than industrial states with double-digit growth.

Also Read: https://capage.in/maharashtra-tops-gst-contributes-15-total-collection-india/

Author: Niranjan Reddy

Leave a Reply