Mumbai: Collection of Taxes of Goods and Services Maharashtra (GST) recovered in September after swimming in August.
With the income of Rs 16,584 Crore in September, the collection was 9% higher than the previous month but still lower than in April and July.
GST is a consumption-based tax and indicator of economic activity.
The GST Maharashtra collection is the highest in this country and is the main earnings producer for the country.
“The GST collection has increased since limiting the locking force in April and May this year.
But the collection is still around 8-10% below expectations because the economy has not fully recovered,” said a government official.
The collection is set to increase in the next three months with the incent of the celebration season.
GST revenue reflects the transaction carried out in the previous month, which might explain a higher collection which was recorded in April and July this year.
“The April collection is usually higher because they reflect compliance by the company at the end of the financial year in March.
In July, the collection was also high because the limitation of locking forces was appointed in June.
This resulted in the release of hidden requests and higher compliance by companies It has been postponed during the limitation of the April-May locking style, “said a government official.
Data shows that the GST collection from April to September was 52% higher than the same period last year.
During April-September 2020, the collection was Rs 65,699 Crore while this year was Rs 99,958 Crore, the difference between Rs 34,259 Crore.
Last year, the national kuncian was very strict with most of the agricultural restriction sectors closed.
During the state locking in April and May, agriculture, manufacturing, construction and important services are allowed to remain open.