Mumbai: GST Maharashtra collection rose by almost 38% in July compared to the previous month, reflecting economic recovery after the second brutal wave in the state, which has resulted in locking.
The State GST collection rose to Rs 18,899 Crore in July compared to RS 13,721 Crore in June.
It was an increase in Rs 5,178 Crore.
The GST collection in July reflects business transactions carried out in the previous month.
Because the country was under the lock in April and May, June income reflects the collection during the previous locking month.
As a result, a surge in July sharper.
GST is a consumption-based tax and indicator of economic activity.
The GST Maharashtra collection is the highest in this country and is a major income producer for the state government.
Data also shows that the GST collection from April to July this year is 68% higher than the same period last year.
During April-July in 2020, the collection is Rs 40,552 Crore while this year the number is more than Rs 68,000 Crore.
This is the increase in RS 27,647 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.
Maharashtra has ended 2020-21 which was beaten by Pandemi 20-21 with a collection of GST 11% lower than 2019.
The data showed that the state collected 1.6 lakh crore on GST at 2020-21 compared to 1.8 lakh crore in 2019 -20.
Receipts have been dipped by RS 20,609 Crore.
When the state budget was submitted on March 8, the state has revised its target for the SGST collection.
Although the target for 2020-21 has been set at RS 1 Lakh Crore, the state has collected 88,000 crore Rs.
Gap is Rs 19,146 Crore.
Budget documents say: “The tax collection does not show the buoyancy expected because of the Pandemic Covid-19 and non-acceptance of compensation from the central government.”
Maharashtra GST Collection Up 38% in July as easy locking
