Mumbai: Maharashtra GST collection rose 31% in August, compared to the previous month, reflecting an increase in economic recovery after the second wave, which has resulted in the limit of locking styles.
The State GST collection rose to Rs 15,175 Crore in August this year compared to RS 11,602 Crore in August last year, several months after national locking.
The GST collection is expected to increase in the coming months with the incent of the celebration season.
But the August collection is slightly lower than in July.
The State GST collection for July is Rs 18,899 Crore.
GST is a consumption-based tax and is an 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 for April-August this year is 59% higher than the same period last year.
During April-August by 2020, the collection is Rs 52,154 Crore when this year is Rs 83,373 Crore.
This is the increase of Rs 31,219 Crore.
Last year, the national kuncian was very strict, with most sectors, agricultural restrictions, closed.
During the state locking in April-May, agriculture, manufacturing, construction and important services are allowed to remain open.
Maharashtra ended 2020-21 which was beaten by a pandemic of 20-21 with a collection of GST which was 11% lower than 2019.
Data showed that the state collected 1.6 lakh crore worth GST at 2020-21 compared to 1.8 lakh crore in 2019- 20.
Reception was dipped by Rs 20,609 Crore.
When the state budget was submitted on March 8, the state 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 expected buoyancy because of Covid-19 and non-acceptance of CESS compensation from the central government.”
The Supreme GST collection rose 31% compared to last August
